Active Population: Aged 15-64: All Persons for the European Union
LFAC64TTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242,431,172.27
Year-over-Year Change
0.97%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures the active population aged 15-64 in the European Union. It provides important insights into labor force participation and workforce dynamics within the EU.
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 Active Population: Aged 15-64 trend represents the total number of individuals in the European Union who are economically active, meaning they are either employed or actively seeking work. This metric is a key indicator of the size and composition of the working-age population.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the health and potential of the EU labor market.
Key Facts
- The active population aged 15-64 in the EU was over 218 million in 2022.
- Labor force participation rates vary significantly across EU member states.
- Changes in the active population can impact economic growth, social policies, and workforce planning.
FAQs
Q: What does this economic trend measure?
A: The Active Population: Aged 15-64 trend measures the total number of economically active individuals, both employed and unemployed, within the working-age population of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend provides critical insights into the size and composition of the EU's labor force, which is a key determinant of economic growth, workforce dynamics, and policy 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: Policymakers, economists, and market analysts use this trend to assess the health and potential of the EU labor market, informing decisions on employment, social, and economic policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by Eurostat, with a typical lag of 2-3 months. While comprehensive, the trend may not capture rapid or localized changes in the EU's working-age population.
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Citation
U.S. Federal Reserve, Active Population: Aged 15-64: All Persons for the European Union (LFAC64TTEUQ647S), retrieved from FRED.