Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Sweden
LRUNTTTTSEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.73
Year-over-Year Change
13.23%
Date Range
1/1/2001 - 1/1/2025
Summary
The Unemployment Rate Total: 15 Years or over for Sweden is a key economic indicator that measures the percentage of the Swedish labor force aged 15 and above who are jobless but actively seeking employment.
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 provides insight into the overall health and performance of the Swedish labor market. It is closely monitored by economists, policymakers, and investors to assess the strength of the Swedish economy and inform economic and workforce development strategies.
Methodology
The data is collected through household surveys conducted by Sweden's national statistical agency.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions in Sweden.
Key Facts
- Sweden's unemployment rate averaged 6.8% from 2000 to 2022.
- The unemployment rate peaked at 8.6% in 2010 during the global financial crisis.
- Youth unemployment (ages 15-24) in Sweden is consistently lower than the overall rate.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: 15 Years or over for Sweden measures the percentage of the Swedish labor force aged 15 and above who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health and performance of the Swedish labor market, providing insight that is crucial for economic and workforce development strategies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Sweden's national statistical agency.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for monetary and fiscal policy decisions in Sweden, as it helps assess the strength of the economy and guide workforce development initiatives.
Q: Are there update delays or limitations?
A: The unemployment rate data is released on a regular schedule, but there may be occasional delays or revisions due to the nature of survey-based data collection.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Sweden (LRUNTTTTSEQ156S), retrieved from FRED.