Unemployed Population: Aged 15-24: Total for the European Union
Quarterly, Not Seasonally Adjusted
LFUN24TTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,144,400.00
Year-over-Year Change
-23.06%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic indicator tracks the quarterly, not seasonally adjusted unemployment rate for the European Union. It provides insights into labor market trends and the overall health of the European economy.
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, not seasonally adjusted unemployment rate for the European Union is an important labor market indicator. It measures the percentage of the total labor force that is unemployed but actively seeking employment during a given quarter, without adjusting for seasonal factors.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the European economy and guide policy decisions.
Key Facts
- The EU's quarterly, not seasonally adjusted unemployment rate averaged 7.2% in 2022.
- Unemployment rates vary significantly across EU member states.
- Youth unemployment remains a persistent challenge in parts of the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted unemployment rate for the European Union. It provides an unbiased snapshot of the labor market conditions during a given quarter.
Q: Why is this trend relevant for users or analysts?
A: The EU's quarterly unemployment rate is a key indicator of the overall health of the European economy. It helps policymakers, economists, and market participants assess labor market trends and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the EU's quarterly unemployment rate to evaluate the effectiveness of labor market policies and make informed decisions to promote employment and economic growth.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and there may be revisions to historical figures as new information becomes available. Additionally, the not seasonally adjusted data can be influenced by seasonal factors.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFUN24TTEUQ647N), retrieved from FRED.