Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Finland
LRUNTTTTFIA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.33
Year-over-Year Change
8.43%
Date Range
1/1/1998 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Finland measures the percentage of the Finnish labor force aged 15 and older who are unemployed. This key economic indicator provides insight into the strength of the Finnish labor market and is closely watched by policymakers.
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 statistic tracks the overall unemployment rate in Finland, representing the proportion of the civilian labor force aged 15 and over who are jobless but actively seeking work. The unemployment rate is a vital metric for assessing the health of the Finnish economy and labor market conditions.
Methodology
The data is collected through household surveys conducted by Statistics Finland.
Historical Context
The unemployment rate is a critical input for Finnish economic policy decisions and assessments of the country's macroeconomic performance.
Key Facts
- Finland's unemployment rate averaged 7.8% from 1989 to 2022.
- The unemployment rate peaked at 16.6% in 1994 following the early 1990s recession.
- Finland's unemployment rate has remained below the EU average since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Finland measures the percentage of the Finnish labor force aged 15 and older who are unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the Finnish labor market and economy, providing insights that are crucial for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for Finnish economic policy decisions and assessments of the country's macroeconomic performance.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of several weeks between the reference period and the release date.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Finland (LRUNTTTTFIA156S), retrieved from FRED.