Employment by Economic Activity: Agriculture: All Persons for the European Union
LFEAAGTTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,964,200.00
Year-over-Year Change
-3.56%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic trend measures total employment in the agricultural sector for the European Union, providing insights into the size and composition of the agricultural workforce.
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 'Employment by Economic Activity: Agriculture: All Persons for the European Union' series tracks the total number of individuals employed in the agricultural industry across the EU member states. This metric is a key indicator of the relative importance and health of the agricultural sector within the broader European economy.
Methodology
The data is collected through national labor force surveys and aggregated by Eurostat.
Historical Context
Agricultural employment trends are closely monitored by policymakers, economists, and industry analysts to inform agricultural, trade, and economic development policies.
Key Facts
- The EU agricultural workforce totaled over 9.5 million in 2021.
- Agricultural employment has declined by over 30% in the EU since 2000.
- Poland, Romania, and Italy have the largest agricultural workforces in the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the agricultural sector across the European Union member states.
Q: Why is this trend relevant for users or analysts?
A: Agricultural employment is a key indicator of the size and composition of the agricultural industry, which is vital for understanding the broader EU economy and informing policymaking.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to inform agricultural, trade, and economic development policies in the EU.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with a few months' lag from the reference period.
Related Trends
Harmonized Index of Consumer Prices: Frequent Out-OF-Pocket Purchases for European Union (27 Countries from 2020)
FROOPPEU272020M086NEST
Employment Rate: Aged 25-54: All Persons for the European Union
LREM25TTEUA156N
Harmonized Index of Consumer Prices: Passenger Transport by Sea and Inland Waterway for European Union (28 Countries)
CP0734EU28M086NEST
Active Population: Aged 55-64: All Persons for the European Union
LFAC55TTEUA647N
Production: Construction: Total construction: Total for the European Union
EU28PRCNTO01GPSAM
Harmonized Index of Consumer Prices: Maintenance and Repair of Other Major Durables for Recreation and Culture for European Union (28 Countries)
CP0923EU28M086NEST
Citation
U.S. Federal Reserve, Employment by Economic Activity: Agriculture: All Persons for the European Union (LFEAAGTTEUQ647N), retrieved from FRED.