Active Population: Aged 15 and over: All Persons for the Euro Area (19 Countries)
LFACTTTTEZQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-84.27%
Date Range
4/1/1998 - 10/1/2022
Summary
The 'Active Population: Aged 15 and over: All Persons for the Euro Area (19 Countries)' trend measures the total labor force in the Eurozone, including both employed and unemployed individuals aged 15 and older. This metric is a key indicator of economic activity and labor market dynamics.
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 labor force participation rate tracks the size of the active working-age population in the Eurozone, which is a crucial factor for economic growth, productivity, and policy decision-making. Economists and policymakers closely monitor this statistic to gauge the strength and utilization of the Eurozone's human capital.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This labor force participation indicator is widely used to inform economic, fiscal, and employment policies in the Eurozone.
Key Facts
- The Eurozone has a labor force of over 160 million people.
- The labor force participation rate in the Eurozone is around 65%.
- The active population trend is a key indicator of economic growth potential.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in the Eurozone, including both employed and unemployed individuals aged 15 and older.
Q: Why is this trend relevant for users or analysts?
A: This labor force participation rate is a crucial indicator of economic activity, productivity, and growth potential in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This labor force participation indicator is widely used to inform economic, fiscal, and employment policies in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published by Eurostat on a monthly basis, with minimal update delays.
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Citation
U.S. Federal Reserve, Active Population: Aged 15 and over: All Persons for the Euro Area (19 Countries) (LFACTTTTEZQ657N), retrieved from FRED.