Working Age Population: Aged 15-74: All Persons for the European Union
LFWA74TTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
380,693,500.00
Year-over-Year Change
0.81%
Date Range
1/1/2005 - 1/1/2019
Summary
The 'Working Age Population: Aged 15-74: All Persons for the European Union' metric tracks the total population within the European Union between the ages of 15 and 74. This key economic indicator provides insights into the size and composition of the EU's active labor force.
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 series represents the total number of people aged 15 to 74 residing in the European Union. It is a crucial measure used by policymakers and economists to analyze labor market dynamics, workforce trends, and potential economic growth within the EU.
Methodology
The data is collected through household and labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
Trends in the working-age population are closely monitored to inform economic and social policies related to employment, retirement, education, and other areas affecting the labor force.
Key Facts
- The EU's working-age population was over 300 million as of 2021.
- The share of the population aged 15-74 has remained relatively stable in recent decades.
- Trends in the working-age population can impact economic growth, productivity, and social welfare policies.
FAQs
Q: What does this economic trend measure?
A: The 'Working Age Population: Aged 15-74: All Persons for the European Union' metric tracks the total number of people aged 15 to 74 residing in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This is a crucial measure used by policymakers and economists to analyze labor market dynamics, workforce trends, and potential economic growth 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: Trends in the working-age population are closely monitored to inform economic and social policies related to employment, retirement, education, and other areas affecting the labor force.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological practices of Eurostat's labor force surveys.
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Citation
U.S. Federal Reserve, Working Age Population: Aged 15-74: All Persons for the European Union (LFWA74TTEUA647N), retrieved from FRED.