Employed Population: Aged 55-64: All Persons for the European Union
Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted
LFEM55TTEUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.49
Year-over-Year Change
110.60%
Date Range
4/1/2005 - 10/1/2019
Summary
This economic trend measures the quarter-over-quarter growth rate of employment in the European Union, excluding seasonal adjustments. It provides insight into the strength and direction of the EU labor market.
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, Not Seasonally Adjusted trend tracks the percentage change in total employment in the European Union from one quarter to the next. This metric offers analysts a raw, unfiltered view of employment fluctuations, which can complement seasonally adjusted figures.
Methodology
The data is calculated from the Eurostat Labor Force Survey, a comprehensive household survey conducted across EU member states.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the health of the European economy.
Key Facts
- The EU employment growth rate averaged 0.4% per quarter from 2010-2019.
- Employment growth turned negative during the COVID-19 recession in 2020.
- The fastest quarterly growth on record was 1.1% in Q3 2017.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in total employment across the European Union, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The raw, unadjusted employment growth rate provides insight into underlying labor market dynamics that can complement seasonally adjusted figures.
Q: How is this data collected or calculated?
A: The data is calculated from the Eurostat Labor Force Survey, a comprehensive household survey conducted across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this trend to assess the strength and trajectory of the European economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted (LFEM55TTEUQ657N), retrieved from FRED.