Active Population: Aged 15-24: All Persons for the European Union
LFAC24TTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,407,450.00
Year-over-Year Change
-16.57%
Date Range
1/1/2005 - 1/1/2019
Summary
The Active Population: Aged 15-24: All Persons for the European Union measures the size of the labor force for individuals between 15 and 24 years old in the EU. This statistic is important for policymakers and economists to understand youth employment trends and dynamics.
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
This data series tracks the total number of economically active individuals between the ages of 15 and 24 in the European Union. It provides insight into the size and participation of the youth labor force, which is a key indicator of economic and social conditions.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This metric is widely used by analysts and policymakers to monitor the employment prospects and labor market engagement of young adults.
Key Facts
- The active population aged 15-24 in the EU was over 49 million in 2021.
- Youth labor force participation rates vary widely across EU member states.
- Trends in this metric are closely watched for signs of economic inclusion and opportunity for young adults.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of economically active individuals between the ages of 15 and 24 in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and participation of the youth labor force, which is a key indicator of economic and social conditions.
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: This metric is widely used by analysts and policymakers to monitor the employment prospects and labor market engagement of young adults.
Q: Are there update delays or limitations?
A: The data is published regularly by Eurostat, but may be subject to revisions and delays in some cases.
Related Trends
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Harmonized Index of Consumer Prices: Goods (Overall Index Excluding Services) for Euro Area (19 Countries)
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Harmonized Index of Consumer Prices: Furniture and Furnishings for Euro Area (19 Countries)
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Unemployment Rate: Aged 15-24: Males for the European Union
LRUN24MAEUQ156S
Import Price Index by Origin (NAICS): Pharmaceutical and Medicine Manufacturing for European Union
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Citation
U.S. Federal Reserve, Active Population: Aged 15-24: All Persons for the European Union (LFAC24TTEUA647N), retrieved from FRED.