Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Sweden
LFUN64TTSEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
517,400.00
Year-over-Year Change
17.06%
Date Range
4/1/1998 - 1/1/2025
Summary
This trend measures the total unemployment rate for individuals aged 15 to 64 in Sweden. It is a key indicator of labor market conditions and economic activity in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Sweden provides a timely assessment of the labor force and employment situation. It is widely used by economists, policymakers, and market analysts to gauge the overall health of the Swedish economy.
Methodology
The data is collected through household surveys and administrative records by the Swedish Public Employment Service.
Historical Context
This trend is closely monitored by the Swedish government and the Riksbank, the country's central bank, to inform economic and monetary policy decisions.
Key Facts
- Sweden's unemployment rate for 15-64 year olds was 7.2% in 2022.
- The unemployment rate has declined from a peak of 8.6% in 2021.
- Youth unemployment (ages 15-24) remains higher at 22.1% in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 to 64 in Sweden, a key indicator of labor market conditions and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The Infra-Annual Labor Statistics: Unemployment Total is widely used by economists, policymakers, and market analysts to gauge the overall health of the Swedish economy and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and administrative records by the Swedish Public Employment Service.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Swedish government and the Riksbank, the country's central bank, to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, providing timely insights into the labor market situation in Sweden.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Sweden (LFUN64TTSEQ647N), retrieved from FRED.