Quarterly, Seasonally Adjusted
CHEURHARMQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
18.75%
Date Range
1/1/1975 - 10/1/2011
Summary
The Quarterly Seasonally Adjusted trend measures changes in the harmonized unemployment rate in the European Union on a quarterly basis. This metric is crucial for economists and policymakers to assess labor market conditions and the overall health of the 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 Quarterly Seasonally Adjusted unemployment rate tracks the percentage of the European Union's labor force that is jobless but actively seeking employment. This widely-followed indicator provides insights into the dynamics of the regional labor market and is used to inform economic policies and business decisions.
Methodology
This data is collected through household surveys conducted by the statistical offices of EU member states.
Historical Context
The harmonized unemployment rate is a key input for monetary and fiscal policy decisions made by the European Central Bank and national governments.
Key Facts
- The EU unemployment rate averaged 7.1% in 2022.
- Unemployment rates vary significantly across EU member states.
- Youth unemployment remains a persistent challenge in parts of Europe.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Seasonally Adjusted trend measures the harmonized unemployment rate across the European Union on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insights into the health of the European labor market, which is a key driver of economic growth and an important consideration for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical offices of EU member states.
Q: How is this trend used in economic policy?
A: The harmonized unemployment rate is a key input for monetary and fiscal policy decisions made by the European Central Bank and national governments.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (CHEURHARMQDSMEI), retrieved from FRED.