Unemployment Rate: Aged 15-64: All Persons for the European Union
Quarterly, Not Seasonally Adjusted
LRUN64TTEUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
-25.00%
Date Range
4/1/2000 - 10/1/2019
Summary
The 'Quarterly, Not Seasonally Adjusted' trend measures the total civilian labor force in the European Union, providing key insights into the size and dynamics of the region's workforce.
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, published by the U.S. Federal Reserve, tracks the total number of people employed or actively seeking employment in the European Union on a quarterly basis, without adjustments for seasonal variations. It serves as an important economic indicator for analysts and policymakers studying labor market trends in the EU.
Methodology
The data is collected through household and employer surveys conducted by statistical agencies across EU member states.
Historical Context
This labor force metric is widely used to assess the health and growth potential of the European economy.
Key Facts
- The EU labor force reached over 220 million people in 2021.
- The labor force participation rate in the EU was approximately 74% in 2021.
- Employment levels in the EU have gradually recovered since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' trend measures the total number of people employed or actively seeking employment in the European Union on a quarterly basis, without adjustments for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This labor force metric is a key economic indicator for analyzing the health and growth potential of the European economy.
Q: How is this data collected or calculated?
A: The data is collected through household and employer surveys conducted by statistical agencies across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess labor market dynamics and inform decisions related to employment, economic growth, and social welfare in the European Union.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay in publication to allow for data collection and compilation across the EU.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUN64TTEUQ156N), retrieved from FRED.