Active Population: Aged 15-24: Females for the European Union
Quarterly, Seasonally Adjusted
LFAC24FEEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,186,222.12
Year-over-Year Change
-1.26%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures the Quarterly, Seasonally Adjusted unemployment rate for the European Union (27 countries). It is a key indicator used by policymakers and analysts to assess the health of the European labor market.
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 active labor force that is jobless, available, and actively seeking employment on a quarterly basis. This metric is widely followed to evaluate economic conditions and inform policy decisions.
Methodology
The data is collected through household surveys across EU member states and aggregated by Eurostat.
Historical Context
The unemployment rate is a vital input for monetary and fiscal policy considerations within the European Union.
Key Facts
- The EU unemployment rate peaked at 11.5% in 2013 following the global financial crisis.
- Youth unemployment remains a persistent challenge, reaching over 17% in some EU countries.
- Unemployment rates vary significantly across member states, highlighting economic disparities within the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted unemployment rate for the European Union (27 countries). It tracks the percentage of the active labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The EU unemployment rate is a crucial economic indicator used by policymakers, investors, and analysts to assess the health of the European labor market and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys across EU member states and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The unemployment rate is a vital input for monetary and fiscal policy considerations within the European Union, as it helps guide decisions on interest rates, government spending, and other economic interventions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted unemployment rate data is typically published with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24FEEUQ647S), retrieved from FRED.