Employed Population: Aged 55-64: Males for the European Union
Growth Rate Previous Period, Quarterly, Seasonally Adjusted
LFEM55MAEUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.73
Year-over-Year Change
165.76%
Date Range
4/1/2005 - 10/1/2019
Summary
This economic trend measures the quarterly growth rate of the labor force in the European Union, adjusted for seasonal variations. It provides insights into the dynamics of the labor market and workforce participation.
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 Growth Rate Previous Period, Quarterly, Seasonally Adjusted trend tracks the pace of change in the size of the European Union's labor force from one quarter to the next. This metric is used by economists and policymakers to analyze labor market trends and inform economic policy decisions.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This trend is widely used by economists, government agencies, and market analysts to assess the health and direction of the EU labor market.
Key Facts
- The EU labor force grew by 0.4% in Q4 2022.
- The labor force participation rate in the EU was 73.5% in 2021.
- Services account for over two-thirds of employment in the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly growth rate of the labor force in the European Union, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of labor market dynamics and workforce participation, which are crucial for understanding the broader economic conditions in the EU.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and direction of the EU labor market, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by Eurostat, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (LFEM55MAEUQ657S), retrieved from FRED.