Employment Rate: Aged 15-24: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LREM24TTEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.90
Year-over-Year Change
5.59%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic trend measures the unemployment rate in the euro area on a quarterly, not seasonally adjusted basis. It provides insights into labor market conditions and is a key indicator for policymakers and analysts.
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 Quarterly, Not Seasonally Adjusted unemployment rate for the euro area represents the percentage of the total labor force that is unemployed during a given quarter without adjusting for seasonal variations. This metric is widely used to assess the overall health of the regional labor market.
Methodology
The data is collected through household surveys and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This trend is closely monitored by central banks, finance ministries, and economic research institutions to inform policy decisions and market analysis.
Key Facts
- The euro area unemployment rate averaged 7.8% in 2022.
- Unemployment levels vary significantly across euro area countries.
- Youth unemployment remains a persistent challenge in parts of the region.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted unemployment rate for the euro area represents the percentage of the total labor force that is unemployed during a given quarter without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health of the regional labor market, which is a key consideration for policymakers, central banks, and economic analysts when assessing economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The Quarterly, Not Seasonally Adjusted unemployment rate for the euro area is closely monitored by central banks, finance ministries, and economic research institutions to inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several weeks, and there may be revisions to historical figures as new information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM24TTEUQ156N), retrieved from FRED.