Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Finland
LRHUADTTFIA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.07
Year-over-Year Change
13.83%
Date Range
1/1/1988 - 1/1/2024
Summary
The Monthly Unemployment Rate Total: 25 Years or over for Finland measures the percentage of the Finnish labor force aged 25 and older who are unemployed. This key economic indicator provides insight into the overall health of the Finnish job 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 unemployment rate statistic is a widely-used metric for evaluating the strength of the Finnish economy. It tracks the portion of the working-age population that is actively seeking but unable to find employment, which informs policymakers and analysts about labor market conditions.
Methodology
The data is collected through national labor force surveys conducted by Statistics Finland.
Historical Context
Unemployment rates are closely monitored by the Finnish government and central bank to guide economic and monetary policies.
Key Facts
- Finland's unemployment rate averaged 7.7% from 2000-2022.
- The unemployment rate peaked at 10.7% during the 2008-2009 financial crisis.
- Finland has one of the lowest unemployment rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of the Finnish labor force aged 25 and older who are unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key metric for assessing the health of the Finnish economy and labor market, informing policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: Unemployment rates are closely monitored by the Finnish government and central bank to guide economic and monetary policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely information on labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Finland (LRHUADTTFIA156N), retrieved from FRED.