Employed Population: Aged 15-64: All Persons for the European Union
LFEM64TTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227,272,465.31
Year-over-Year Change
3.30%
Date Range
1/1/2005 - 10/1/2019
Summary
The Employed Population: Aged 15-64: All Persons for the European Union trend measures the total number of employed individuals between the ages of 15 and 64 in the European Union. This key labor market indicator provides insights into the overall health and productivity of the EU 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
This trend represents the total employed population across the 27 member states of the European Union, focusing on working-age individuals. It is a widely-used metric by economists, policymakers, and market analysts to assess labor force participation, job creation, and economic growth within the EU.
Methodology
The data is collected through national labor force surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This employment trend is closely monitored by the European Central Bank and other EU institutions to inform macroeconomic and labor market policies.
Key Facts
- The EU employed population aged 15-64 was 209.5 million in 2021.
- Employment rates vary significantly across EU member states.
- The COVID-19 pandemic caused a temporary decline in EU employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals aged 15-64 across the 27 member states of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides key insights into the health and productivity of the EU labor market, which is crucial for assessing economic growth and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by the European Central Bank and other EU institutions to inform macroeconomic and labor market policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of a few months and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Employed Population: Aged 15-64: All Persons for the European Union (LFEM64TTEUQ647S), retrieved from FRED.