Total Employment by Professional Status: Employees for the European Union
Quarterly, Seasonally Adjusted
LFESEETTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197,914,911.37
Year-over-Year Change
4.35%
Date Range
1/1/2005 - 10/1/2019
Summary
This quarterly, seasonally adjusted economic trend measures the employment-to-population ratio for the European Union, a key indicator of labor market strength and economic activity.
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-to-population ratio represents the proportion of the working-age population that is employed. This metric provides insight into the utilization of a country's or region's labor force and is used by economists and policymakers to assess economic performance and labor market conditions.
Methodology
The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
The employment-to-population ratio is closely monitored by central banks, governments, and international organizations to inform economic policies and labor market interventions.
Key Facts
- The EU employment-to-population ratio reached a record high of 68.6% in Q4 2022.
- The ratio fell sharply during the COVID-19 pandemic but has since recovered to pre-pandemic levels.
- Northern European countries tend to have the highest employment-to-population ratios in the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of the working-age population in the European Union that is employed. It is a key indicator of labor market strength and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio provides valuable insights into the utilization of a country's or region's labor force, which is crucial for assessing economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The employment-to-population ratio is closely monitored by central banks, governments, and international organizations to inform economic policies and labor market interventions.
Q: Are there update delays or limitations?
A: The data is published quarterly by Eurostat, with a typical release lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFESEETTEUQ647S), retrieved from FRED.