Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Finland
LRUNTTTTFIA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.33
Year-over-Year Change
8.43%
Date Range
1/1/1998 - 1/1/2024
Summary
The Unemployment Rate Total: 15 Years or over for Finland tracks the percentage of the Finnish labor force aged 15 and above that is without a job but actively seeking work.
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 indicator provides insight into the overall health and utilization of Finland's labor market. Economists and policymakers monitor unemployment to assess economic performance and guide fiscal and monetary policies.
Methodology
The data is collected through household surveys conducted by Statistics Finland.
Historical Context
The unemployment rate is a key metric used to evaluate the strength of the Finnish economy and labor market conditions.
Key Facts
- Finland's unemployment rate averaged 7.8% from 2010 to 2020.
- The unemployment rate peaked at 8.2% in 2015 before declining in recent years.
- Unemployment tends to be higher among younger workers in Finland.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of Finland's labor force aged 15 and above that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key metric used to assess the health and performance of Finland's labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the unemployment rate to guide fiscal and monetary policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data for Finland is typically published on a monthly basis with a short delay.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Finland (LRUNTTTTFIA156N), retrieved from FRED.