Employed Population: Aged 15-64: All Persons for the European Union
LFEM64TTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
226,264,900.00
Year-over-Year Change
4.58%
Date Range
1/1/2005 - 1/1/2019
Summary
The 'Employed Population: Aged 15-64: All Persons for the European Union' tracks the total number of employed individuals aged 15 to 64 in the European Union. This metric is a key indicator of labor market conditions and 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
This series represents the total number of people aged 15 to 64 who are employed in the European Union. It is a widely used indicator of the strength and size of the working-age population and labor force, providing insight into economic growth and employment trends.
Methodology
The data is collected through household and labor force surveys conducted by the statistical agencies of EU member states.
Historical Context
Policymakers and analysts monitor this metric to assess the health of the European labor market and broader economic conditions.
Key Facts
- The EU employed population aged 15-64 reached a record high of 210.9 million in 2019.
- Employment rates vary significantly across EU member states, from over 80% in the Netherlands to under 60% in Greece.
- The COVID-19 pandemic caused a steep decline in EU employment, which fell by over 3% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals aged 15 to 64 in the European Union, providing insight into the size and strength of the working-age population and labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and economic activity in the EU, making it an important data point for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the statistical agencies of EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health of the European labor market and broader economic conditions, informing policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is subject to typical survey collection and reporting lags, with the most recent figures typically available within a few months of the reference period.
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Citation
U.S. Federal Reserve, Employed Population: Aged 15-64: All Persons for the European Union (LFEM64TTEUA647N), retrieved from FRED.