Total Harmonized Unemployment: Males for the European Union
Quarterly, Seasonally Adjusted
LFHUTTMAEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,027,000.00
Year-over-Year Change
-24.74%
Date Range
1/1/2000 - 10/1/2019
Summary
This economic indicator measures the quarterly, seasonally adjusted unemployment rate in the European Union. It provides a timely and important signal of labor market conditions for policymakers and analysts.
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 Quarterly, Seasonally Adjusted unemployment rate tracks the percentage of the civilian labor force in the European Union that is jobless but actively seeking employment. It is a widely used metric for monitoring economic performance and informing policy decisions.
Methodology
The data is collected through labor force surveys conducted by Eurostat across EU member states.
Historical Context
This trend is closely watched by the European Central Bank and other institutions to assess the health of the European labor market.
Key Facts
- The EU unemployment rate peaked at 10.6% in 2021 during the COVID-19 pandemic.
- Youth unemployment remains a challenge, with rates over 15% in some member states.
- The unemployment rate varies significantly across different regions and demographics within the EU.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarterly, seasonally adjusted unemployment rate in the European Union. It represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The EU unemployment rate is a key economic indicator that provides insight into the health of the labor market. It is closely monitored by policymakers, central banks, and analysts to assess economic performance and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Eurostat across EU member states.
Q: How is this trend used in economic policy?
A: The EU unemployment rate is a critical input for the European Central Bank and other institutions in evaluating the state of the European economy and crafting appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a delay of several weeks. While generally reliable, the unemployment rate may be subject to revisions and can vary across different demographic groups and regions within the EU.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHUTTMAEUQ647S), retrieved from FRED.