Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Finland
LRHUTTTTFIM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.70
Year-over-Year Change
4.82%
Date Range
1/1/1988 - 5/1/2025
Summary
The Monthly Unemployment Rate Total: 15 Years or over for Finland measures the percentage of the Finnish labor force aged 15 and above that is unemployed. This key economic indicator provides insights into the overall health of the Finnish job market.
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
This monthly unemployment rate tracks the proportion of the working-age population in Finland that is actively seeking but unable to find employment. It is a widely watched metric used by economists, policymakers, and businesses to assess labor market conditions and inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by Statistics Finland.
Historical Context
The unemployment rate is a crucial input for guiding monetary and fiscal policies aimed at promoting stable economic growth and full employment.
Key Facts
- Finland's unemployment rate averaged 7.7% from 2010-2020.
- The unemployment rate peaked at 8.2% in 2015.
- Finland's unemployment rate is typically lower than the European Union average.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Finland measures the percentage of the Finnish labor force aged 15 and above that is unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of the health of the Finnish labor market and economy. It is closely monitored by policymakers, economists, and businesses to inform economic decisions and policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Finland, the national statistical agency of Finland.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for guiding monetary and fiscal policies aimed at promoting stable economic growth and full employment in Finland.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 4-6 weeks between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Finland (LRHUTTTTFIM156S), retrieved from FRED.