Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Denmark
LRHUTTTTDKM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
-13.11%
Date Range
1/1/1983 - 5/1/2025
Summary
This economic trend measures the monthly unemployment rate for individuals aged 15 and older in Denmark. It provides crucial insights into the country's labor market and overall economic health.
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 Rate Total for Denmark tracks the percentage of the Danish population aged 15 and above who are actively seeking work but unable to find employment. This key indicator is widely used by economists, policymakers, and analysts to assess the strength and resilience of the Danish labor market.
Methodology
The data is collected through household surveys conducted by Statistics Denmark, the country's national statistical institute.
Historical Context
The unemployment rate is a critical metric for evaluating the performance of the Danish economy and guiding policy decisions.
Key Facts
- Denmark's unemployment rate averaged 4.5% over the past decade.
- The unemployment rate peaked at 6.2% during the 2008-2009 financial crisis.
- Denmark's low unemployment rate is attributed to its robust social safety net and active labor market policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 15 and older in Denmark, providing insights into the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of economic performance and is widely used by economists, policymakers, and analysts to assess the strength and resilience of the Danish labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Denmark, the country's national statistical institute.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical metric for evaluating the performance of the Danish economy and guiding policy decisions, such as adjustments to fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with minimal delays, and is considered a reliable and comprehensive representation of the Danish labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Denmark (LRHUTTTTDKM156S), retrieved from FRED.