Employment - by Economic Activity: Services: All Persons for the Euro Area (19 Countries)
LFEASETTEZQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117,174,924.11
Year-over-Year Change
3.81%
Date Range
1/1/2005 - 10/1/2022
Summary
This economic trend measures employment in the services sector across the 19 countries of the Eurozone. It is an important indicator of the overall health and dynamics of the Eurozone's labor market and economy.
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: Services: All Persons for the Euro Area (19 Countries) trend tracks the total number of people employed in the services sector across the 19 countries that make up the Eurozone. This provides insight into the strength and direction of the Eurozone's services-based economy.
Methodology
The data is collected through household and business surveys by national statistical agencies.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the Eurozone's economic performance and inform policy decisions.
Key Facts
- The Eurozone services sector accounts for over 70% of total economic output.
- Employment in the Eurozone services sector has steadily increased since the global financial crisis.
- Germany, France, and Italy are the largest contributors to Eurozone services employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the services sector across the 19 countries that make up the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and direction of the Eurozone's services-based economy, which is a critical indicator of the overall health of the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys by national statistical agencies in the Eurozone countries.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess the Eurozone's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with a lag of several weeks. There may be some variations in data collection and reporting across the Eurozone countries.
Related Trends
Employment Rate: Aged 15 and over: Females for the Euro Area (19 Countries)
LREMTTFEEZQ156S
Consumer Price Index: Harmonised Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels for the Euro Area (19 Countries)
EA19CPHP0405GYM
Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Euro Area (19 Countries)
PIEAFD02EZM661N
Employment Rate: Aged 15-74: Males for the Euro Area (19 Countries)
LREM74MAEZQ156S
Production: Manufacturing: Consumer goods: Non durable goods for the Euro Area
EA19PRMNCG03IXOBSAM
Harmonized Index of Consumer Prices: Major Household Appliances whether Electric or not and Small Electric Household Appliances for Euro Area (18 countries)
CP0531EZ18M086NEST
Citation
U.S. Federal Reserve, Employment - by Economic Activity: Services: All Persons for the Euro Area (19 Countries) (LFEASETTEZQ647S), retrieved from FRED.