Active Population: Aged 15-64: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LFAC64TTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242,623,000.00
Year-over-Year Change
1.05%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic trend measures the civilian labor force participation rate for the European Union, a key indicator of economic activity and labor market 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
The civilian labor force participation rate represents the percentage of the working-age population that is employed or actively seeking employment. This metric provides insights into the overall strength and availability of the labor force.
Methodology
The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and analysts use this trend to assess labor market conditions and inform economic decision-making.
Key Facts
- The EU civilian labor force participation rate was 73.3% in the fourth quarter of 2022.
- Participation rates vary significantly across EU member states.
- Labor force trends are closely monitored for economic and policy implications.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate for the European Union, representing the percentage of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of economic activity and labor market dynamics, providing insights into the overall strength and availability of the labor force.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess labor market conditions and inform economic decision-making in the European Union.
Q: Are there update delays or limitations?
A: The data is released quarterly, with occasional delays due to the survey process. Limitations may include variations in labor force definitions and survey methodologies across EU member states.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC64TTEUQ647N), retrieved from FRED.