Employment Rate: Aged 55-64: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LREM55TTEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.60
Year-over-Year Change
8.60%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic trend measures the labor force participation rate in the European Union, providing insights into the size and utilization of the workforce. It is a key indicator for policymakers and economists in understanding labor market dynamics.
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 labor force participation rate represents the proportion of the working-age population that is either employed or actively seeking employment. This metric is widely used to assess the overall health and utilization of the labor market, and to inform economic and social policies.
Methodology
The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and economists closely monitor this trend to evaluate the strength of the labor market and make informed decisions about economic and social policies.
Key Facts
- The EU labor force participation rate averaged 73.4% in 2022.
- Participation rates vary significantly across EU member states.
- Women's labor force participation is lower than men's in the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate in the European Union, which represents the proportion of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall health and utilization of the labor market, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to evaluate the strength of the labor market and make informed decisions about economic and social policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by Eurostat, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM55TTEUQ156N), retrieved from FRED.