Inactive Population: Aged 15-74: All Persons for the European Union
LFIN74TTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132,730,193.46
Year-over-Year Change
-1.79%
Date Range
1/1/2005 - 10/1/2019
Summary
The 'Inactive Population: Aged 15-74: All Persons for the European Union' measures the number of economically inactive individuals aged 15-74 in the European Union. This metric is crucial for analyzing labor force participation and employment trends.
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 indicator tracks the population aged 15-74 who are not employed and not actively seeking work in the European Union. It provides insights into labor market dynamics, skill shortages, and the potential for economic growth.
Methodology
The data is collected through labor force surveys administered by the European Union's statistical agency, Eurostat.
Historical Context
Policymakers and economists use this metric to inform labor market policies, workforce development initiatives, and assessments of economic resilience.
Key Facts
- The inactive population in the EU accounts for nearly 30% of the total working-age population.
- Retirement, disability, and education are the primary drivers of economic inactivity in the EU.
- Increasing the labor force participation rate is a key policy goal for many EU member states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals aged 15-74 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 provides insights into labor market dynamics, potential economic growth, and the effectiveness of labor market policies in the EU.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys administered by Eurostat, the statistical agency of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform labor market policies, workforce development initiatives, and assessments of economic resilience.
Q: Are there update delays or limitations?
A: The data is updated quarterly by Eurostat, with a typical delay of 2-3 months.
Related Trends
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Inactive Population: Aged 25-54: Females for the European Union
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Producer Prices Index: Total Intermediate Goods for the European Union
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Gross Domestic Product by Expenditure in Constant Prices: Less: Imports of Goods and Services for the European Union
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Citation
U.S. Federal Reserve, Inactive Population: Aged 15-74: All Persons for the European Union (LFIN74TTEUQ647S), retrieved from FRED.