Working Age Population: Aged 15-74: All Persons for the European Union
Quarterly, Seasonally Adjusted
LFWA74TTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
381,054,866.21
Year-over-Year Change
0.23%
Date Range
1/1/2005 - 10/1/2019
Summary
This series measures the employment-to-population ratio for the total civilian non-institutional population aged 15-64 in the European Union. It is a key indicator of labor force participation and economic activity.
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 provides insight into the strength of the labor market and overall economic conditions.
Methodology
The data is collected through household surveys and compiled by Eurostat.
Historical Context
Policymakers and analysts use this ratio to assess labor market trends and the health of the broader economy.
Key Facts
- The EU employment-to-population ratio averaged 67.4% in 2021.
- The ratio reached a high of 68.4% in 2019 before declining during the COVID-19 pandemic.
- Employment-to-population ratios vary significantly across EU member states.
FAQs
Q: What does this economic trend measure?
A: This series measures the proportion of the working-age population in the European Union that is employed. It is a key indicator of labor force participation and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio provides valuable insights into the strength of the labor market and the overall health of the European economy. It is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this ratio to assess labor market trends and the broader economic conditions in the European Union. It informs decisions on fiscal, monetary, and employment policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a delay of approximately two months. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFWA74TTEUQ647S), retrieved from FRED.