Harmonised Unemployment - Monthly Levels: Aged 25 and over: All Persons for the Euro Area (19 Countries)
LFHUADTTEZM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,003,000.00
Year-over-Year Change
-3.55%
Date Range
1/1/1995 - 1/1/2023
Summary
The Harmonized Unemployment Rate for the Euro Area (19 countries) measures the monthly unemployment level for individuals aged 25 and over. This key economic indicator provides insights into the overall health of the Eurozone labor market.
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 Harmonized Unemployment Rate is a standardized measure of unemployment published by Eurostat, the statistical office of the European Union. It allows for consistent comparisons of unemployment across Eurozone member states and is widely used by policymakers and economists to analyze labor market dynamics.
Methodology
The data is collected through labor force surveys conducted in each Eurozone country.
Historical Context
This unemployment rate is a crucial input for Eurozone monetary and fiscal policies aimed at promoting full employment and economic stability.
Key Facts
- The Eurozone's harmonized unemployment rate was 6.5% in January 2023.
- Unemployment rates vary significantly across Eurozone member states.
- Youth unemployment remains a key challenge for the Eurozone economy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Unemployment Rate measures the monthly unemployment level for individuals aged 25 and over in the Eurozone (19 countries).
Q: Why is this trend relevant for users or analysts?
A: This standardized unemployment measure is a key indicator of the overall health of the Eurozone labor market and a crucial input for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted in each Eurozone country.
Q: How is this trend used in economic policy?
A: The Harmonized Unemployment Rate is used by Eurozone policymakers and central banks to inform monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat, with a typical lag of 4-6 weeks.
Related Trends
Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Semi-Durables Only for Euro Area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023)
IGDXESEZCCM086NEST
Harmonised Unemployment - Monthly Rates: Aged 15-24: All Persons for the Euro Area (19 Countries)
LRHU24TTEZM156S
Harmonized Index of Consumer Prices: Catering Services for Montenegro
CP111MI15MEM086NEST
Unemployed Population: Aged 15-24: Total for the Euro Area (19 Countries)
LFUN24TTEZQ647S
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for the Euro Area (19 Countries)
NAGIGP01EZQ661S
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Euro Area (19 Countries)
IRSTCI01EZM156N
Citation
U.S. Federal Reserve, Harmonised Unemployment - Monthly Levels: Aged 25 and over: All Persons for the Euro Area (19 Countries) (LFHUADTTEZM647S), retrieved from FRED.