Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Sweden
LFHUTTTTSEM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
523,000.00
Year-over-Year Change
14.69%
Date Range
1/1/1983 - 5/1/2025
Summary
The 'Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Sweden' measures the total number of unemployed individuals aged 15 and older in Sweden on a monthly basis. This is an important economic indicator for policymakers and analysts to understand labor market trends and 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
This monthly unemployment data for Sweden provides detailed insight into the state of the labor market. It is used by economists, government agencies, and other stakeholders to analyze factors influencing employment, inform policy decisions, and project economic conditions.
Methodology
The data is collected through household surveys conducted by Sweden's national statistical agency.
Historical Context
This unemployment metric is closely monitored by the Swedish government and central bank to guide macroeconomic and labor market policies.
Key Facts
- Sweden's unemployment rate stood at 7.5% as of the latest monthly data.
- Unemployment among young adults (ages 15-24) is nearly double the national average.
- The COVID-19 pandemic led to a sharp rise in Swedish unemployment in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Sweden' measures the total number of unemployed individuals aged 15 and older in Sweden on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This monthly unemployment data provides crucial insight into the state of Sweden's labor market, which is closely watched by policymakers, economists, and other stakeholders to inform economic decisions and projections.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Sweden's national statistical agency.
Q: How is this trend used in economic policy?
A: The Swedish government and central bank closely monitor this unemployment metric to guide macroeconomic and labor market policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in publication or revisions to previous months' figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Sweden (LFHUTTTTSEM647S), retrieved from FRED.