Employment Rate: Aged 25-54: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LREM25TTEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.30
Year-over-Year Change
2.91%
Date Range
4/1/2000 - 10/1/2019
Summary
The 'Quarterly, Not Seasonally Adjusted' economic trend measures the unemployment rate for the European Union. It provides valuable insights into labor market conditions 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
This series tracks the quarterly unemployment rate for the European Union, reported without seasonal adjustments. It is a widely followed indicator of economic health and labor market performance across the EU.
Methodology
The data is collected through labor force surveys conducted by national statistical agencies and compiled by Eurostat.
Historical Context
Policymakers and analysts use this trend to assess the strength of the European economy and guide macroeconomic decisions.
Key Facts
- The EU unemployment rate averaged 7.2% in 2021.
- Unemployment fell to 6.5% in the fourth quarter of 2022.
- Southern European countries have historically higher unemployment rates.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' trend tracks the unemployment rate for the European Union, providing a broad indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The EU unemployment rate is a closely watched metric that offers insights into the strength of the European economy and helps guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by national statistical agencies 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 trend to assess the health of the European labor market and broader economic conditions, informing macroeconomic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a delay of approximately two to three months. There may be variations in data collection and reporting methods across different EU member states.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM25TTEUQ156N), retrieved from FRED.