Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Sweden
LFAC64TTSEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,470,700.00
Year-over-Year Change
3.09%
Date Range
4/1/1998 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Sweden' measures the total labor force in Sweden for individuals aged 15 to 64. This key economic indicator provides insights into labor market dynamics and workforce participation.
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 data series represents the total labor force in Sweden, including both employed and unemployed individuals between the ages of 15 and 64. It is a vital statistic used by economists and policymakers to analyze the supply of working-age labor and assess the overall health of the Swedish economy.
Methodology
The data is collected through national labor force surveys conducted by Statistics Sweden.
Historical Context
This labor force indicator is closely monitored by the Swedish government and central bank to inform economic and employment policies.
Key Facts
- Sweden's labor force totaled 5.4 million in 2021.
- The labor force participation rate in Sweden was 73.2% in 2021.
- Sweden has one of the highest labor force participation rates in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Sweden for individuals aged 15 to 64, including both employed and unemployed workers.
Q: Why is this trend relevant for users or analysts?
A: This labor force indicator is crucial for understanding the supply of working-age labor in the Swedish economy and assessing its overall health and employment dynamics.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Sweden.
Q: How is this trend used in economic policy?
A: This labor force indicator is closely monitored by the Swedish government and central bank to inform economic and employment policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by Statistics Sweden, with the latest figures typically available within a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Sweden (LFAC64TTSEQ647N), retrieved from FRED.