Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Sweden
LRHUTTTTSEM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
11.11%
Date Range
1/1/1983 - 5/1/2025
Summary
The Monthly Unemployment Rate Total: 15 Years or over for Sweden measures the percentage of the Swedish labor force aged 15 and above that is without work but actively seeking employment. This key labor market indicator provides insight into the overall health of the Swedish economy.
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 unemployment rate statistic is a vital economic indicator that helps analysts and policymakers understand labor market dynamics and assess the effectiveness of economic policies. It is a commonly cited metric for evaluating the Swedish economy's performance and employment trends.
Methodology
The data is collected through monthly household surveys conducted by Statistics Sweden.
Historical Context
Policymakers and economists closely monitor this unemployment rate to inform decisions on monetary, fiscal, and labor market policies.
Key Facts
- Sweden's unemployment rate averaged 6.8% from 2000-2022.
- The rate peaked at 8.6% during the 2008-2009 global financial crisis.
- Unemployment fell to a low of 6.1% in 2019 before rising during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Swedish labor force aged 15 and above that is currently unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The Swedish unemployment rate is a key indicator of the overall health of the labor market and the broader economy, making it important for policymakers, economists, and investors to monitor.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by Statistics Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely track the unemployment rate to inform decisions on monetary, fiscal, and labor market policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insight into labor market conditions.
Related Trends
Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Sweden
SWESACRMISMEI
Other Prices: Cost of Construction: Residential: Total for Sweden
OPCNRE01SEQ661N
Consumer Price Index: OECD Groups: Housing: Total for Sweden
SWECPGRHO01GPM
Business Tendency Surveys: Employment: Economic Activity: Manufacturing: Future Tendency for Sweden
BSEMFT02SEM460S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Sweden
SWECP070000GYQ
Consumer Price Index: Harmonized Prices: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Sweden
SWECPHP0500GPM
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Sweden (LRHUTTTTSEM156S), retrieved from FRED.