Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Finland
LRUN64TTFIQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.80
Year-over-Year Change
36.11%
Date Range
1/1/1998 - 1/1/2025
Summary
The Unemployment Rate Total: From 15 to 64 Years for Finland measures the percentage of the Finnish labor force aged 15 to 64 who are without jobs. This key economic indicator provides insights into the health of the Finnish labor 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 unemployment rate statistic tracks the share of the working-age population in Finland that is jobless but actively seeking employment. It is a widely followed metric for assessing the strength of the Finnish economy and informing economic policy decisions.
Methodology
The data is collected through household labor force surveys conducted by Statistics Finland.
Historical Context
Policymakers and analysts use this unemployment rate to evaluate the effectiveness of fiscal and monetary policies aimed at promoting full employment.
Key Facts
- Finland's unemployment rate averaged 7.8% from 2010 to 2020.
- The unemployment rate peaked at 8.2% in 2015 during an economic slowdown.
- Finland's unemployment rate is consistently lower than the European Union average.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Finland measures the percentage of the working-age population in Finland that is without a job but actively seeking employment.
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, providing insights that inform policy decisions aimed at promoting full employment.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment rate to evaluate the effectiveness of fiscal and monetary policies designed to stimulate the Finnish economy and labor market.
Q: Are there update delays or limitations?
A: The unemployment rate data is published on a regular, timely basis with minimal delays, providing a reliable, up-to-date snapshot of labor market conditions in Finland.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Finland (LRUN64TTFIQ156N), retrieved from FRED.