Active Population: Aged 15-24: All Persons for the European Union
Quarterly, Seasonally Adjusted
LFAC24TTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,388,029.59
Year-over-Year Change
-1.06%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures the total civilian labor force in the European Union, adjusted for seasonal variations on a quarterly basis. It provides insights into the size and dynamics of the EU's working-age population and 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 civilian labor force is the total number of people employed or actively seeking employment within a given economy. Tracking this metric on a quarterly, seasonally adjusted basis helps economists and policymakers understand labor market trends and the broader economic conditions within the European Union.
Methodology
The data is collected through household surveys and other labor force statistics compiled by Eurostat, the statistical office of the European Union.
Historical Context
This labor force metric is widely used to inform economic and employment policies in the EU.
Key Facts
- The EU civilian labor force totaled over 206 million people in 2022.
- The labor force participation rate in the EU was around 73% as of the latest quarter.
- Quarterly labor force data helps track cyclical changes in EU employment levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed or actively seeking employment in the European Union, adjusted for seasonal variations on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Tracking the size and dynamics of the EU's labor force provides important insights into broader economic conditions and helps inform policy decisions.
Q: How is this data collected or calculated?
A: The data is compiled by Eurostat through household surveys and other labor force statistics.
Q: How is this trend used in economic policy?
A: Quarterly, seasonally adjusted labor force data is widely used by economists, policymakers, and institutions to assess employment trends and shape economic policies in the European Union.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24TTEUQ647S), retrieved from FRED.