Harmonised Unemployment - Monthly Rates: Aged 25 and over: All Persons for the Euro Area (19 Countries)
LRHUADTTEZM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.20
Year-over-Year Change
-4.62%
Date Range
1/1/1995 - 1/1/2023
Summary
This economic trend measures the monthly unemployment rate for people aged 25 and over in the Eurozone. It is a key indicator of labor market conditions and economic performance across the Eurozone.
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 Harmonised Unemployment Rate is a standardized measure of unemployment used across European Union countries. It represents the share of the labor force that is without work but actively seeking employment and available to start work.
Methodology
The data is collected through household labor force surveys conducted in each Eurozone country.
Historical Context
Policymakers and analysts closely monitor this trend to assess the overall health of the Eurozone economy.
Key Facts
- The Eurozone unemployment rate was 6.5% as of the latest data.
- Unemployment varies significantly across Eurozone member states.
- Youth unemployment remains a persistent challenge in parts of the Eurozone.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for people aged 25 and over in the 19 countries that make up the Eurozone economic area.
Q: Why is this trend relevant for users or analysts?
A: The Eurozone unemployment rate is a key indicator of the overall health and performance of the Eurozone economy, providing insights into labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through standardized household labor force surveys conducted in each Eurozone member country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the strength of the Eurozone economy and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of around one to two months.
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Citation
U.S. Federal Reserve, Harmonised Unemployment - Monthly Rates: Aged 25 and over: All Persons for the Euro Area (19 Countries) (LRHUADTTEZM156N), retrieved from FRED.