Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Sweden
LFHUADTTSEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
277,250.00
Year-over-Year Change
0.39%
Date Range
1/1/1983 - 1/1/2022
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Sweden measures the unemployment rate among the Swedish population aged 25 and older. This key economic indicator provides insights into the health of the Swedish labor market.
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 rate series from the OECD compares unemployment across Sweden and other member countries using a standardized methodology. It is a widely referenced metric for evaluating economic conditions and informing policy decisions.
Methodology
The data is collected through labor force surveys and calculated according to International Labour Organization (ILO) guidelines.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the Swedish economy and labor market.
Key Facts
- Sweden's unemployment rate was 6.8% in January 2023.
- Youth unemployment (ages 15-24) was 21.1% in January 2023.
- The harmonized unemployment rate measures those actively seeking work but unable to find it.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Sweden measures the percentage of the Swedish labor force aged 25 and older who are unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of the health and resilience of the Swedish labor market, which is crucial for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys and calculated according to standardized International Labour Organization (ILO) guidelines for measuring unemployment.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this harmonized unemployment rate to assess the strength of the Swedish economy and labor market, informing decisions on fiscal, monetary, and employment policies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Sweden (LFHUADTTSEA647N), retrieved from FRED.