Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Sweden
LFHU24TTSEM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172,000.00
Year-over-Year Change
11.69%
Date Range
1/1/1983 - 5/1/2025
Summary
This economic trend measures the total number of unemployed individuals aged 15 to 24 in Sweden on a monthly basis. It provides valuable insights into youth unemployment levels and labor market dynamics.
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 Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Sweden series tracks the count of unemployed individuals within the 15-to-24-year-old age group in Sweden. This data is an important indicator of youth employment and can inform policymakers and economists about the labor market conditions facing younger workers.
Methodology
The data is collected through household surveys conducted by the Swedish statistical agency.
Historical Context
This trend is widely used by labor economists, policymakers, and financial analysts to assess the health of the Swedish labor market and inform economic decision-making.
Key Facts
- The latest data shows a monthly unemployment total of 75,000 for the 15-to-24-year-old age group in Sweden.
- Youth unemployment in Sweden has remained below the European Union average in recent years.
- Addressing youth unemployment is a key priority for Swedish policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 to 24 in Sweden on a monthly basis, providing insights into youth unemployment levels.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of labor market conditions for younger workers, which is crucial information for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Swedish statistical agency.
Q: How is this trend used in economic policy?
A: This trend is widely used by labor economists, policymakers, and financial analysts to assess the health of the Swedish labor market and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with minimal update delays. However, as with any survey-based data, there may be limitations in coverage or sampling methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Sweden (LFHU24TTSEM647S), retrieved from FRED.