Total Employment by Professional Status: Employees for the European Union
LFESEETTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198,099,300.00
Year-over-Year Change
4.36%
Date Range
4/1/2000 - 10/1/2019
Summary
This trend measures total employment in the European Union by professional status, specifically focusing on the number of employees. It provides valuable insights into the labor market and workforce composition across the EU.
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 'Total Employment by Professional Status: Employees for the European Union' series tracks the number of individuals employed in the EU, categorized by their professional status as employees. This data is widely used by economists, policymakers, and labor market analysts to understand labor force dynamics and trends.
Methodology
The data is collected through household and labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This trend is crucial for informing economic policy decisions and understanding the overall health and composition of the EU labor market.
Key Facts
- The EU has a total employed population of over 200 million people.
- Employees make up the largest professional category in the EU labor force.
- Employment data is a key indicator of economic growth and stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals in the European Union, specifically focusing on those categorized as employees based on their professional status.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the composition and dynamics of the EU labor market, which is essential for informing economic policies and assessing the overall health of the European economy.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on this employment data to make informed decisions about economic policies, workforce development, and labor market interventions.
Q: Are there update delays or limitations?
A: The data is published regularly by Eurostat, with updates typically available on a quarterly or annual basis. However, there may be some delays in data reporting or potential limitations in coverage across all EU member states.
Related Trends
Harmonized Index of Consumer Prices: Postal Services for European Union
CP0810EUCCM086NEST
Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for European Union (27 Countries from 2020)
CP0450EU272020M086NEST
Producer Prices Index: Economic activities: Manufacture of food products: Domestic for the European Union
EU28PIEAFD02GPM
Harmonized Index of Consumer Prices: Household Textiles for European Union
CP0520EUCCM086NEST
Harmonized Index of Consumer Prices: Pharmaceutical Products for Euro Area (19 Countries)
CP0611EZ19M086NEST
Harmonized Index of Consumer Prices: Household Textiles for Euro Area (19 Countries)
CP0520EZ19M086NEST
Citation
U.S. Federal Reserve, Total Employment by Professional Status: Employees for the European Union (LFESEETTEUQ647N), retrieved from FRED.