Working Age Population: Aged 15-24: Males for the European Union
LFWA24MAEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,506,077.55
Year-over-Year Change
-1.72%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures the size of the working-age population aged 15-24 for males in the European Union. It is a key indicator for policymakers and economists to understand labor force dynamics and workforce development.
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 working-age population aged 15-24 for males represents a crucial segment of the European Union's labor force. This data series provides insights into the potential supply of young male workers, which informs workforce planning, education policy, and economic growth strategies.
Methodology
The data is collected through household and labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This trend is widely used by policymakers, labor economists, and workforce analysts to assess labor market conditions and plan for future economic and social needs.
Key Facts
- The working-age population aged 15-24 for males in the EU was 42.3 million in 2022.
- This age group accounts for 8.5% of the total EU population.
- The trend has declined by 4.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the size of the working-age population aged 15-24 for males in the European Union. It provides insights into the potential labor force supply for this demographic.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for policymakers, labor economists, and workforce analysts to understand labor market dynamics, plan for future economic and social needs, and inform education and employment policies.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, labor economists, and workforce analysts to assess labor market conditions and plan for future economic and social needs in the European Union.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly or annual basis, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Working Age Population: Aged 15-24: Males for the European Union (LFWA24MAEUQ647S), retrieved from FRED.