Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Sweden
LFUNTTTTSEQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
508,611.00
Year-over-Year Change
16.96%
Date Range
1/1/2001 - 1/1/2025
Summary
This economic trend measures the total unemployment rate in Sweden for individuals aged 15 years and older. It is a key metric for assessing the health of the Swedish labor market and informing policy decisions.
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: 15 Years or over for Sweden tracks the percentage of the Swedish population aged 15 and above who are jobless but actively seeking employment. This data series is widely used by economists, policymakers, and market analysts to monitor labor force participation and evaluate the broader economic climate.
Methodology
The data is collected through surveys of Swedish households and compiled by the national statistical agency.
Historical Context
Policymakers and central banks closely monitor this unemployment rate trend to inform monetary and fiscal policies aimed at promoting full employment and economic stability.
Key Facts
- Sweden's current unemployment rate is 6.8%.
- Unemployment among youth (15-24 years) is significantly higher at 21.1%.
- The services sector accounts for the largest share of employment in Sweden.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate in Sweden for individuals aged 15 years and older, providing insights into the overall health of the Swedish labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical economic indicator used by policymakers, economists, and market participants to assess the strength of the Swedish economy and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish households and compiled by the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this unemployment rate trend to inform monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is released on a regular infra-annual basis, with typical update delays of a few weeks to a month.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Sweden (LFUNTTTTSEQ647S), retrieved from FRED.