Working Age Population: Aged 15-24: All Persons for the European Union
LFWA24TTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,774,300.00
Year-over-Year Change
-1.54%
Date Range
4/1/2000 - 10/1/2019
Summary
The 'Working Age Population: Aged 15-24: All Persons for the European Union' metric tracks the population of individuals aged 15 to 24 within the European Union. This indicator is crucial for policymakers and economists to assess labor market dynamics and demographic 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 trend represents the working-age population aged 15 to 24 across the European Union member states. It is a key measure used to analyze labor force participation, youth employment, and demographic shifts that can impact economic growth and social welfare programs.
Methodology
The data is collected through household and labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and economists utilize this metric to inform decisions around education, training, and labor market policies targeting younger workers.
Key Facts
- The EU's working-age population aged 15-24 was 52.8 million in 2021.
- Youth unemployment rate in the EU was 16.8% in 2021.
- Germany had the largest 15-24 age group population in the EU in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Working Age Population: Aged 15-24: All Persons for the European Union' metric tracks the total population of individuals aged 15 to 24 across the member states of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for policymakers and economists to assess labor market dynamics, demographic shifts, and the potential impact on economic growth and social welfare programs within the EU.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize this metric to inform decisions around education, training, and labor market policies targeting younger workers in the EU.
Q: Are there update delays or limitations?
A: The data is published annually by Eurostat, with potential delays in availability depending on data collection and processing timelines.
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Citation
U.S. Federal Reserve, Working Age Population: Aged 15-24: All Persons for the European Union (LFWA24TTEUQ647N), retrieved from FRED.