Total Harmonized Unemployment: Females for the European Union
Quarterly, Not Seasonally Adjusted
LFHUTTFEEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,383,333.33
Year-over-Year Change
-22.81%
Date Range
1/1/2000 - 10/1/2019
Summary
This economic trend measures the unemployment rate in the European Union, providing valuable insights into the labor market and broader economic conditions.
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 Quarterly, Not Seasonally Adjusted unemployment rate tracks the percentage of the European Union's labor force that is without work but actively seeking employment. This metric is closely monitored by policymakers, economists, and market analysts to gauge economic performance and inform policy decisions.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
The unemployment rate is a key indicator used to assess the health of the European economy and guide policy interventions.
Key Facts
- The EU unemployment rate was 6.5% in Q1 2023.
- The rate has declined from a peak of 7.8% in Q2 2020 during the COVID-19 pandemic.
- Youth unemployment remains a persistent challenge, with a rate of 14.2% in Q1 2023.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, non-seasonally adjusted unemployment rate in the European Union, representing the percentage of the labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The EU unemployment rate is a key indicator of economic health and labor market conditions, providing valuable insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by policymakers and used to inform decisions on economic and labor market policies, as well as to assess the overall performance of the European economy.
Q: Are there update delays or limitations?
A: The unemployment data is typically released on a quarterly basis, with a lag of several weeks. There may be limitations in capturing the full extent of labor market changes, especially during periods of rapid economic fluctuations.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFHUTTFEEUQ647N), retrieved from FRED.