Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Sweden
LFHUTTTTSEM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
561,000.00
Year-over-Year Change
13.10%
Date Range
1/1/1983 - 5/1/2025
Summary
This economic trend measures the total number of unemployed individuals aged 15 and over in Sweden on a monthly basis. It provides key insights into the health of the Swedish labor market and is closely watched by economists and policymakers.
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: 15 Years or over for Sweden tracks the total number of unemployed persons in Sweden aged 15 and older. This metric is a crucial indicator of labor market conditions and is used to assess the overall employment and economic situation in the country.
Methodology
The data is collected through household surveys conducted by Statistics Sweden.
Historical Context
This trend is widely referenced by economists, policymakers, and financial analysts to gauge the strength of the Swedish economy and inform policy decisions.
Key Facts
- Sweden's unemployment rate was 7.2% in March 2023.
- The unemployment rate for youth (ages 15-24) was 20.5% in March 2023.
- Sweden's labor force participation rate was 73.3% in March 2023.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 and over in Sweden on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of the health of the Swedish labor market and is closely watched by economists and policymakers to assess the overall economic situation in the country.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Sweden.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by economists, policymakers, and financial analysts to inform policy decisions and gauge the strength of the Swedish economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a relatively short delay. There may be some limitations in terms of sample size and survey methodology, but the trend is generally considered a reliable indicator of the Swedish labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Sweden (LFHUTTTTSEM647N), retrieved from FRED.