Harmonized Unemployment: Aged 25 and Over: All Persons for the European Union
LFHUADTTEUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,165,000.00
Year-over-Year Change
-5.23%
Date Range
1/1/2000 - 1/1/2020
Summary
The Harmonized Unemployment: Aged 25 and Over: All Persons for the European Union is an economic indicator that tracks the unemployment rate among adults aged 25 and older in the EU. It is a key measure of labor market conditions and economic performance.
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 harmonized unemployment rate represents the percentage of the labor force aged 25 and above who are without jobs but actively seeking work. It is a widely-used metric for comparing economic activity and labor market health across European countries.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and economists monitor this trend to assess the overall health of the European labor market and make informed decisions.
Key Facts
- The EU's harmonized unemployment rate was 6.5% as of the latest data.
- The indicator covers all 27 EU member states.
- Unemployment rates vary significantly across European countries.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Unemployment: Aged 25 and Over: All Persons for the European Union measures the percentage of the labor force aged 25 and above who are without jobs but actively seeking work across the EU.
Q: Why is this trend relevant for users or analysts?
A: This harmonized unemployment rate is a key indicator of labor market conditions and economic performance in the European Union, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the overall health of the European labor market and make informed decisions about economic and employment policies.
Q: Are there update delays or limitations?
A: The Harmonized Unemployment data is published monthly, with a typical lag of around 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Aged 25 and Over: All Persons for the European Union (LFHUADTTEUM647S), retrieved from FRED.