Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Sweden
LRUN24TTSEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.91
Year-over-Year Change
9.20%
Date Range
1/1/2001 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Sweden measures the percentage of the Swedish labor force aged 15 to 24 that is unemployed. This key youth unemployment indicator provides insights into the economic health and future workforce of Sweden.
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 data series from the Organization for Economic Co-operation and Development (OECD) tracks the monthly unemployment rate for Swedish individuals aged 15 to 24. It is a vital statistic for understanding labor market dynamics and assessing the economic prospects of young workers in Sweden.
Methodology
The data is collected through national labor force surveys conducted by Statistics Sweden.
Historical Context
Policymakers and economists closely monitor youth unemployment to inform decisions around education, training, and labor market policies.
Key Facts
- Sweden's youth unemployment rate averaged 17.6% from 2000 to 2022.
- Youth unemployment is typically higher than the overall unemployment rate.
- High youth unemployment can signal economic challenges and social issues.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 15 to 24 in Sweden, providing insights into the labor market participation and economic prospects of the country's youth.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a key indicator of economic health and future workforce potential. Monitoring this trend can help policymakers and economists assess labor market dynamics and inform decisions around education, training, and labor policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Sweden, the government agency responsible for official statistics in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor youth unemployment to inform decisions around education, training, and labor market policies that aim to support the economic integration and future prospects of young workers.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical update delay of 1-2 months. As with any survey-based labor market statistic, there may be limitations in capturing the full extent of youth unemployment, particularly in the informal sector.
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Citation
OECD, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Sweden (LRUN24TTSEQ156S), retrieved from FRED.