Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Sweden
LRAC74TTSEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.28
Year-over-Year Change
6.06%
Date Range
1/1/2001 - 1/1/2024
Summary
The Labor Force Participation Rate Total: From 15 to 74 Years for Sweden measures the percentage of the working-age population in Sweden that is either employed or actively seeking work. This key economic indicator provides insights into the overall labor market and activity levels.
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 labor force participation rate represents the share of the working-age population that is employed or actively seeking employment. It is an important metric for evaluating the health and utilization of a country's labor market and can inform policy decisions related to employment, economic growth, and social welfare.
Methodology
This data is collected through household surveys conducted by the Swedish government.
Historical Context
Policymakers and analysts use this trend to assess the strength of the Swedish labor market and make informed decisions about economic and workforce policies.
Key Facts
- Sweden's labor force participation rate averaged around 78% in recent years.
- The participation rate is higher for men than women in Sweden.
- The rate declined during the COVID-19 pandemic but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the working-age population in Sweden that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of a country's labor market, which is crucial for evaluating economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by the Swedish government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the Swedish labor market and make informed decisions about economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on an intra-annual basis, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Sweden (LRAC74TTSEA156S), retrieved from FRED.