Employment Rate: Aged 15-74: All Persons for the European Union
LREM74TTEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.93
Year-over-Year Change
4.73%
Date Range
1/1/2005 - 1/1/2019
Summary
The Employment Rate: Aged 15-74: All Persons for the European Union measures the percentage of the working-age population in the EU that is employed. This key economic indicator provides insights into labor market dynamics and the overall strength of the EU 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 employment rate represents the share of the working-age population (ages 15-74) that is currently employed. It is a widely used metric for evaluating the health and efficiency of a country or region's labor market, and a crucial data point for policymakers, economists, and analysts.
Methodology
The data is collected through household surveys conducted by national statistical agencies across the EU member states.
Historical Context
The employment rate is a leading indicator used to assess macroeconomic conditions, consumer confidence, and the broader economic outlook.
Key Facts
- The EU employment rate reached a record high of 73.1% in Q4 2021.
- Employment rates vary significantly across EU member states, from over 80% in the Netherlands to under 60% in Greece.
- The COVID-19 pandemic caused a sharp decline in the EU employment rate in 2020, but it has since recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Employment Rate: Aged 15-74: All Persons for the European Union measures the percentage of the working-age population in the EU that is employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a key indicator of labor market conditions and overall economic health, providing insights that are crucial for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: The employment rate is a leading indicator used to assess macroeconomic conditions, consumer confidence, and the broader economic outlook, informing policy decisions by governments and central banks.
Q: Are there update delays or limitations?
A: The employment rate data is typically published on a quarterly basis, with a slight delay due to the time required for data collection and aggregation across the EU member states.
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Citation
U.S. Federal Reserve, Employment Rate: Aged 15-74: All Persons for the European Union (LREM74TTEUA156S), retrieved from FRED.