Employment Rate: Aged 15 and Over: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LREMTTTTEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.70
Year-over-Year Change
3.21%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic trend measures the unemployment rate in the European Union on a quarterly basis without seasonal adjustments. It provides valuable insights into labor market dynamics and informs policymakers' decisions.
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 in the European Union is an important indicator of the region's economic health. It offers a raw view of labor market conditions, without the smoothing effect of seasonal adjustments, which can reveal underlying trends and patterns.
Methodology
The data is collected through surveys of households and labor force participants across the EU member states.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the strength of the European economy and guide policy interventions.
Key Facts
- The EU's unemployment rate peaked at 10.6% in 2013 during the European debt crisis.
- Women have historically faced higher unemployment rates than men in the EU.
- Unemployment tends to be higher in southern European countries like Spain and Greece.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate in the European Union on a quarterly basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly, Not Seasonally Adjusted unemployment rate provides a raw, unfiltered view of labor market conditions in the EU, which is crucial for understanding underlying economic trends and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and labor force participants across the EU member states.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to assess the strength of the European economy and guide policy interventions, such as labor market reforms or fiscal stimulus measures.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a delay of several weeks. There may be challenges in accurately capturing employment patterns across diverse EU member states.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREMTTTTEUQ156N), retrieved from FRED.