Inactive Population: Aged 15-64: All Persons for the European Union
LFIN64TTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84,501,300.00
Year-over-Year Change
-4.69%
Date Range
4/1/2000 - 10/1/2019
Summary
The 'Inactive Population: Aged 15-64: All Persons for the European Union' measures the number of economically inactive individuals aged 15-64 in the European Union. This metric is a key indicator of labor force participation and workforce capacity.
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 economic trend represents the population aged 15-64 who are not employed or actively seeking work in the European Union. It is an important statistic for economists and policymakers to understand labor market dynamics and potential GDP.
Methodology
The data is collected through labor force surveys across EU member states.
Historical Context
Policymakers use this metric to assess labor supply, inform workforce development initiatives, and make macroeconomic projections.
Key Facts
- The EU inactive population aged 15-64 was 98.9 million in 2022.
- Inactive population rate for the EU was 27.8% in 2022.
- Inactive population has decreased by 4% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people aged 15-64 in the European Union who are not employed and not actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of labor force participation and the potential supply of workers, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess labor market dynamics, inform workforce development initiatives, and make macroeconomic projections.
Q: Are there update delays or limitations?
A: The data is updated quarterly, but may have a lag of several months before publication.
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Citation
U.S. Federal Reserve, Inactive Population: Aged 15-64: All Persons for the European Union (LFIN64TTEUQ647N), retrieved from FRED.