Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Sweden
LMUNRLTTSEM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163,886.20
Year-over-Year Change
6.41%
Date Range
1/1/1982 - 10/1/2023
Summary
This economic trend measures the total number of registered unemployed individuals in the Swedish labor market. It provides valuable insights into the country's employment dynamics and is closely monitored by policymakers and economists.
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 Registered Unemployment for Sweden metric tracks the total number of individuals who are officially registered as unemployed with the Swedish Public Employment Service. This data is used to assess the health of the Swedish labor market and inform policy decisions.
Methodology
The data is collected through the administrative records of the Swedish Public Employment Service.
Historical Context
This trend is widely used by government agencies, central banks, and economic analysts to gauge the state of the Swedish economy and inform policy decisions.
Key Facts
- Sweden's registered unemployment rate stood at 7.2% in June 2022.
- The trend has shown a steady decline from the peak of 9.1% during the COVID-19 pandemic.
- Registered unemployment is a key indicator used by the Riksbank, Sweden's central bank, to assess the labor market and set monetary policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who are officially registered as unemployed with the Swedish Public Employment Service.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health of the Swedish labor market and is closely monitored by policymakers and economists to inform economic and employment policies.
Q: How is this data collected or calculated?
A: The data is collected through the administrative records of the Swedish Public Employment Service.
Q: How is this trend used in economic policy?
A: This trend is widely used by government agencies, central banks, and economic analysts to gauge the state of the Swedish economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Sweden (LMUNRLTTSEM647S), retrieved from FRED.