Unemployment Rate: Aged 15-74: Males for the European Union
Quarterly, Not Seasonally Adjusted
LRUN74MAEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
-27.16%
Date Range
4/1/1998 - 10/1/2019
Summary
This trend measures the civilian labor force participation rate in the Euro area on a quarterly, non-seasonally adjusted basis. It provides insights into labor market dynamics and is a key indicator for policymakers and economists.
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 civilian labor force participation rate represents the share of the working-age population that is either employed or actively seeking employment. This metric is used to analyze labor market conditions and trends in workforce participation across the Eurozone.
Methodology
The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
The labor force participation rate is closely monitored by central banks, governments, and economic analysts to inform employment, fiscal, and monetary policy decisions.
Key Facts
- The Eurozone labor force participation rate averaged 72.5% in 2021.
- Participation rates vary significantly across Eurozone member states.
- Labor force participation is a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate in the Eurozone on a quarterly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market conditions and workforce dynamics, providing insights that are essential for economic policymaking and analysis.
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: The labor force participation rate is closely monitored by central banks, governments, and economic analysts to inform employment, fiscal, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several months between the reference period and the release of the statistics.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUN74MAEUQ156N), retrieved from FRED.