Activity Rate: Aged 15-24: All Persons for the European Union
LRAC24TTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.70
Year-over-Year Change
0.58%
Date Range
1/1/2005 - 10/1/2019
Summary
The Activity Rate: Aged 15-24: All Persons for the European Union measures the percentage of the population aged 15-24 that is either employed or actively seeking work. This key labor force indicator provides insights into youth participation in the economy.
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 activity rate represents the economically active population as a percentage of the total population in a given age group. This metric is widely used by policymakers and analysts to assess labor market conditions and trends for young adults in the EU.
Methodology
The data is collected through household surveys conducted by national statistical agencies and compiled by Eurostat.
Historical Context
The activity rate is an important indicator for evaluating employment and labor force policies targeting youth populations.
Key Facts
- The EU activity rate for ages 15-24 was 46.3% in 2021.
- Youth activity rates vary significantly across EU member states.
- Activity rates tend to be lower for young adults compared to prime working-age populations.
FAQs
Q: What does this economic trend measure?
A: The activity rate for ages 15-24 in the European Union measures the percentage of the youth population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The youth activity rate is a key indicator of labor market conditions and participation for young adults, which is crucial for evaluating employment and education policies.
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 youth activity rate is used by policymakers and analysts to assess labor market conditions and trends, informing policies aimed at improving employment and participation for young adults.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Activity Rate: Aged 15-24: All Persons for the European Union (LRAC24TTEUQ156S), retrieved from FRED.