Active Population: Aged 15-24: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LFAC24TTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,424,200.00
Year-over-Year Change
-0.94%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic series measures the employment-to-population ratio for the European Union, a key indicator of labor force participation and economic activity. It is closely watched by policymakers and analysts to assess the health of the European job 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 employment-to-population ratio represents the proportion of the working-age population that is employed. It provides insight into the overall labor force engagement and is a valuable complement to unemployment rate statistics.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
Trends in the EU employment-to-population ratio are closely monitored by central banks, finance ministries, and international economic organizations to inform macroeconomic policy decisions.
Key Facts
- The EU employment-to-population ratio reached a record high of 68.4% in Q4 2019.
- The ratio fell sharply to 64.1% in Q2 2020 due to the COVID-19 pandemic.
- Youth (ages 15-24) employment-to-population ratio in the EU was 33.7% in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the proportion of the working-age population in the European Union that is employed. It is a key indicator of labor force participation and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio provides valuable insight into the overall health of the European job market, complementing unemployment data. It is closely monitored by policymakers and economists to inform macroeconomic decisions.
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: Trends in the EU employment-to-population ratio are closely watched by central banks, finance ministries, and international economic organizations to assess the state of the labor market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months. There may be revisions to previously reported figures as new information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC24TTEUQ647N), retrieved from FRED.