Employment Rate: Aged 55-64: Males for the European Union
Quarterly, Seasonally Adjusted
LREM55MAEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.12
Year-over-Year Change
7.50%
Date Range
1/1/2005 - 10/1/2019
Summary
The Quarterly, Seasonally Adjusted series measures the unemployment rate in the European Union. This key economic indicator provides insight into the health of the EU labor market and is closely watched by policymakers.
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, Seasonally Adjusted unemployment rate tracks the percentage of the European Union's labor force that is jobless but actively seeking employment. This metric is widely used by economists and government agencies to assess economic conditions and inform policy decisions.
Methodology
The data is collected through household surveys conducted by national statistical agencies and aggregated by Eurostat.
Historical Context
Trends in EU unemployment are significant for assessing the bloc's macroeconomic performance and informing fiscal and monetary policies.
Key Facts
- The EU's unemployment rate peaked at 11.5% in 2013 during the Eurozone crisis.
- Youth unemployment remains a persistent challenge, with rates over 15% in some member states.
- Unemployment levels vary significantly across EU countries due to differences in economic structures and policies.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the percentage of the European Union's labor force that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The EU unemployment rate is a key indicator of the bloc's economic health and a major focus for policymakers seeking to promote full employment and stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies and aggregated by Eurostat, the EU's statistical office.
Q: How is this trend used in economic policy?
A: Trends in EU unemployment are closely monitored by the European Central Bank, European Commission, and national governments to inform fiscal, monetary, and labor market policies.
Q: Are there update delays or limitations?
A: The unemployment data is published quarterly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
Related Trends
Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for Euro Area (19 Countries)
SERV00EZ19M086NEST
Harmonized Index of Consumer Prices: Liquid Fuels and Fuels and Lubricants for Euro Area (19 Countries)
FUELS0EZ19M086NEST
Harmonized Index of Consumer Prices: All-Items HICP for European Union (28 Countries)
CP0000EU28M086NEST
Producer Prices Index: Economic Activities: Domestic Industrial Activities for the European Union
PIEATI02EUQ661N
Employed Population: Aged 55-64: Females for the European Union
LFEM55FEEUA647N
Harmonized Index of Consumer Prices: Recreation and Culture for European Union (27 Countries from 2020)
CP0900EU272020M086NEST
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LREM55MAEUQ156S), retrieved from FRED.