Working Age Population: Aged 15-24: All Persons for the European Union
Quarterly, Seasonally Adjusted
LFWA24TTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,691,080.91
Year-over-Year Change
-1.64%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic indicator measures the quarterly, seasonally adjusted employment-to-population ratio for the Euro area. It provides insight into the overall strength of the European labor market.
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 employment-to-population ratio represents the proportion of the working-age population that is employed. This metric is widely used by economists and policymakers to assess the health and utilization of the labor force.
Methodology
The data is collected through labor force surveys and calculated as the ratio of employed persons to the working-age population.
Historical Context
This indicator helps inform monetary and fiscal policy decisions aimed at promoting full employment and economic growth.
Key Facts
- The Euro area employment-to-population ratio peaked at 58.7% in 2008.
- The ratio fell to a low of 54.6% during the 2009 financial crisis.
- As of the latest data, the ratio stands at 57.3%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of the working-age population in the Euro area that is employed on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio is a key metric for assessing the overall strength and utilization of the labor force, which is crucial for evaluating the health of the European economy.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys and calculated as the ratio of employed persons to the working-age population.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to inform monetary and fiscal policy decisions aimed at promoting full employment and supporting overall economic growth.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a delay of several months before the most recent information is available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFWA24TTEUQ647S), retrieved from FRED.