Unemployment to Population Rate: All Ages: All Persons for Denmark
LRUPTTTTDKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.32
Year-over-Year Change
-16.82%
Date Range
1/1/1999 - 10/1/2014
Summary
The Unemployment to Population Rate measures the percentage of the total Danish population that is unemployed. This metric provides insight into the overall labor market conditions and labor force participation in Denmark.
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 Unemployment to Population Rate represents the share of the total Danish population that is unemployed and actively seeking work. It is a key indicator of labor market slack and economic activity, helping policymakers and analysts assess the health of the Danish economy.
Methodology
The data is collected through national labor force surveys conducted by Statistics Denmark.
Historical Context
This trend is closely monitored by the Danish government, central bank, and economic analysts to inform policy decisions and economic forecasts.
Key Facts
- Denmark's unemployment to population rate averaged 4.3% from 2010-2019.
- The rate increased to 5.6% in 2020 due to the COVID-19 pandemic.
- Denmark has one of the lowest unemployment rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Unemployment to Population Rate measures the percentage of the total Danish population that is unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall health of the Danish labor market and economy, helping policymakers and analysts assess economic conditions and employment levels.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The Unemployment to Population Rate is closely monitored by the Danish government, central bank, and economic analysts to inform policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the Danish labor market.
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Citation
U.S. Federal Reserve, Unemployment to Population Rate: All Ages: All Persons for Denmark (LRUPTTTTDKQ156S), retrieved from FRED.