Employment by Economic Activity: Industry Including Construction: All Persons for the European Union
LFEAICTTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,518,328.58
Year-over-Year Change
3.00%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures employment levels across different industries and sectors in the European Union. It provides insights into the labor market and overall economic activity.
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 by Economic Activity: Industry Including Construction: All Persons for the European Union' trend tracks the total number of employed individuals in the EU, broken down by major industry categories. This data is vital for understanding workforce dynamics and the health of the European economy.
Methodology
The data is collected through national labor force surveys and compiled by Eurostat, the European Union's statistical agency.
Historical Context
Policymakers and economists use this trend to analyze employment patterns, identify areas of growth or decline, and inform economic policies.
Key Facts
- The EU employed over 210 million people in 2021.
- Manufacturing is the largest industry sector in the EU, accounting for over 20% of total employment.
- Employment in the construction industry has declined in recent years due to the economic impact of the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of employed individuals in the European Union, broken down by major industry categories such as manufacturing, construction, and services.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding workforce dynamics and the overall health of the European economy, as employment patterns can indicate areas of growth, decline, or structural changes.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze employment patterns, identify areas of growth or decline, and inform economic policies aimed at promoting job creation and economic development.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly or annual basis, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Employment by Economic Activity: Industry Including Construction: All Persons for the European Union (LFEAICTTEUQ647S), retrieved from FRED.