Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Spain
LFHUADTTESQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,337,000.00
Year-over-Year Change
-24.62%
Date Range
1/1/1983 - 7/1/2023
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Spain measures the seasonally adjusted unemployment rate among Spanish workers aged 25 and older. This is a key economic indicator for understanding labor market conditions and the overall health of the Spanish economy.
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 harmonized unemployment trend tracks the monthly unemployment rate for the working-age population in Spain. The data is collected and reported by the Organization for Economic Cooperation and Development (OECD) to facilitate cross-country comparisons of labor market performance.
Methodology
The data is calculated based on surveys of Spanish households.
Historical Context
Policymakers and analysts use this trend to gauge the strength of the Spanish labor market and inform economic and employment policies.
Key Facts
- Spain's harmonized unemployment rate in January 2023 was 12.9%.
- The unemployment rate has declined from a peak of 26.1% in 2013.
- Youth unemployment remains high at around 30%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted monthly unemployment rate for workers aged 25 and older in Spain.
Q: Why is this trend relevant for users or analysts?
A: The Spanish unemployment rate is a key indicator of the country's economic health and labor market conditions, which is crucial for policymakers, investors, and economists to monitor.
Q: How is this data collected or calculated?
A: The data is calculated based on household surveys conducted by the Spanish statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment data to inform employment, fiscal, and monetary policies aimed at promoting economic growth and stability in Spain.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Spain (LFHUADTTESQ647N), retrieved from FRED.