Employment by Economic Activity: Industry Excluding Construction: All Persons for the European Union
LFEAINTTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,655,932.33
Year-over-Year Change
2.18%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures employment levels in the European Union, excluding the construction industry. It provides insights into the overall labor market and workforce dynamics across various economic sectors.
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 Excluding Construction: All Persons for the European Union' series tracks the number of individuals employed in the EU's industrial sectors, excluding the construction industry. This data is crucial for analyzing labor market trends and informing economic policymaking.
Methodology
The data is collected through national labor force surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the health and competitiveness of the EU's industrial sector.
Key Facts
- The EU's industrial sector employs over 30 million people.
- Employment in EU industry has remained relatively stable in recent years.
- Manufacturing is the largest component of the EU's industrial employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels in the European Union's industrial sectors, excluding the construction industry.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall health and competitiveness of the EU's industrial labor market, which is crucial for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the performance of the EU's industrial sector and inform decisions related to trade, investment, and labor market policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by Eurostat, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Employment by Economic Activity: Industry Excluding Construction: All Persons for the European Union (LFEAINTTEUQ647S), retrieved from FRED.