Total Harmonized Unemployment: All Persons for the European Union
Quarterly, Seasonally Adjusted
LFHUTTTTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,390,666.67
Year-over-Year Change
-23.71%
Date Range
1/1/2000 - 10/1/2019
Summary
This economic trend measures the quarterly, seasonally adjusted unemployment rate in the European Union. It is a key indicator tracked by policymakers to assess the health of the European 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 Quarterly, Seasonally Adjusted unemployment rate for the European Union (EU) is a widely followed economic indicator that provides insights into the strength of the region's labor force. It tracks the percentage of the total labor force that is unemployed and actively seeking work on a quarterly basis, with seasonal adjustments to account for recurring patterns.
Methodology
The data is collected through labor force surveys conducted by national statistical agencies across EU member states.
Historical Context
This unemployment rate trend is closely watched by the European Central Bank and other policymakers as they formulate economic and monetary policies.
Key Facts
- The EU unemployment rate peaked at 10.9% in 2013 during the Eurozone debt crisis.
- Germany has consistently maintained one of the lowest unemployment rates in the EU.
- Youth unemployment remains a significant challenge for many EU member states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted unemployment rate for the European Union as a whole. It provides insights into the strength of the EU labor market.
Q: Why is this trend relevant for users or analysts?
A: The EU unemployment rate is a key indicator for policymakers, businesses, and economists to assess the overall health of the European economy and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by national statistical agencies across EU member states.
Q: How is this trend used in economic policy?
A: The EU unemployment rate is closely monitored by the European Central Bank and other policymakers as they formulate economic and monetary policies for the region.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a delay of approximately 2-3 months following the end of each quarter.
Related Trends
Import Price Index by Origin (NAICS): Computer and Electronic Product Manufacturing for European Union
COEECZ334
Producer Prices Index: Economic Activities: Total Manufacture of Food Products for the European Union
PIEAFD01EUA661N
Total Construction for the European Union
PRCNTO01EUA659S
Harmonized Index of Consumer Prices: All-Items HICP for European Union
CP0000EUCCM086NEST
Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for European Union
CP0932EUCCM086NEST
Harmonized Unemployment: Aged 15-24: Males for the European Union
LFHU24MAEUA647N
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHUTTTTEUQ647S), retrieved from FRED.