Inactive Population: Aged 15-74: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LFIN74TTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132,694,700.00
Year-over-Year Change
-1.76%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic trend measures the quarterly labor force participation rate in the European Union, providing insights into workforce dynamics.
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 labor force participation rate represents the percentage of the working-age population that is employed or actively seeking employment in the European Union. This high-level indicator is closely monitored by economists and policymakers to understand labor market trends.
Methodology
The data is collected through national labor force surveys conducted across EU member states.
Historical Context
Fluctuations in the labor force participation rate can inform economic and social policies related to employment, education, and workforce development.
Key Facts
- The EU labor force participation rate averaged 72.5% in 2021.
- Participation rates vary significantly across EU member states.
- Trends in this metric can reflect changes in economic opportunities and demographics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly labor force participation rate in the European Union, which represents the share of working-age adults who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market conditions and workforce dynamics, providing insights that are important for economic and social policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted across EU member states.
Q: How is this trend used in economic policy?
A: Fluctuations in the labor force participation rate can inform policies related to employment, education, and workforce development in the European Union.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFIN74TTEUQ647N), retrieved from FRED.