Unemployed Population: Aged 55-64: Males for the European Union
Quarterly, Not Seasonally Adjusted
LFUN55MAEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,119,200.00
Year-over-Year Change
-22.65%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic indicator tracks the quarterly, not seasonally adjusted unemployment rate for the European Union, providing insights into labor market 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 measures the percentage of the total labor force in the European Union that is without a job and actively seeking employment on a quarterly basis, without adjustments for seasonal fluctuations. This metric is widely used by economists and policymakers to assess the health of the European labor market.
Methodology
The data is collected through household surveys conducted by national statistical agencies and compiled by Eurostat.
Historical Context
The unemployment rate is a key indicator monitored by central banks, governments, and financial markets to inform economic and policy decisions.
Key Facts
- The Q4 2022 unemployment rate for the EU was 6.1%.
- Unemployment rates vary significantly across EU member states.
- The EU unemployment rate peaked at 10.6% during the 2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarterly, not seasonally adjusted unemployment rate for the European Union, which represents the percentage of the total labor force that is without a job and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial metric for assessing the health of the European labor market and informing economic and policy decisions by central banks, governments, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: The quarterly, not seasonally adjusted unemployment rate for the EU is closely monitored by policymakers and central banks to gauge labor market conditions and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a delay of approximately 2-3 months. The not seasonally adjusted nature of the data may limit some types of analyses.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFUN55MAEUQ647N), retrieved from FRED.