Unemployment Rate: Aged 15-64: All Persons for the European Union
LRUN64TTEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.43
Year-over-Year Change
-11.68%
Date Range
1/1/2005 - 1/1/2019
Summary
The Unemployment Rate: Aged 15-64: All Persons for the European Union measures the percentage of the labor force aged 15-64 that is unemployed across the EU. This key economic indicator helps policymakers and analysts assess labor market conditions and the overall health 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
This data series tracks the unemployment rate for the working-age population in the European Union. It is a closely watched indicator of economic activity and labor market trends, used by central banks, government agencies, and private analysts to inform policy decisions and economic forecasts.
Methodology
The data is collected through labor force surveys conducted by national statistical agencies across the EU member states.
Historical Context
The unemployment rate is a crucial metric for evaluating macroeconomic performance and guiding fiscal and monetary policies in the European Union.
Key Facts
- The EU unemployment rate peaked at 11.5% in 2013 following the global financial crisis.
- Youth unemployment remains a challenge, with rates over 15% in many member states.
- Unemployment levels vary significantly across the EU, from under 3% in Czechia to over 15% in Spain.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate: Aged 15-64: All Persons for the European Union measures the percentage of the working-age labor force across the EU that is currently without a job.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of labor market conditions and overall economic performance in the European Union, informing policy decisions and economic forecasts.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by national statistical agencies across the EU member states.
Q: How is this trend used in economic policy?
A: The EU unemployment rate is closely watched by central banks, government agencies, and private analysts to evaluate macroeconomic performance and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The unemployment data is typically published on a monthly basis with a brief delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Unemployment Rate: Aged 15-64: All Persons for the European Union (LRUN64TTEUA156S), retrieved from FRED.