Employment Rate: Aged 15 and Over: All Persons for the European Union
LREMTTTTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.68
Year-over-Year Change
3.18%
Date Range
1/1/2005 - 10/1/2019
Summary
The employment rate for the European Union measures the percentage of the population aged 15 and over who are employed. This key economic indicator provides insights into labor market trends and the overall health of the EU economy.
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 employment rate is a widely used metric that tracks the level of economic activity and productivity within a region. It reflects the ability of the EU's working-age population to find and maintain jobs, which is a crucial factor in economic growth and social well-being.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and economists closely monitor the employment rate to gauge the effectiveness of labor market policies and to inform economic decision-making.
Key Facts
- The EU employment rate stood at 73.1% in 2021.
- Employment rates vary significantly across EU member states.
- The COVID-19 pandemic had a significant impact on employment in the EU.
FAQs
Q: What does this economic trend measure?
A: The employment rate for the European Union measures the percentage of the population aged 15 and over who are employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a crucial indicator of economic health and labor market performance, providing insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through labor force 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 the employment rate to gauge the effectiveness of labor market policies and to inform economic decision-making.
Q: Are there update delays or limitations?
A: The employment rate data is typically released on a quarterly basis, with some potential for delays in publication.
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Citation
U.S. Federal Reserve, Employment Rate: Aged 15 and Over: All Persons for the European Union (LREMTTTTEUQ156S), retrieved from FRED.