Unemployment Rate: Aged 15-64: All Persons for the European Union
Quarterly, Seasonally Adjusted
LRUN64TTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.25
Year-over-Year Change
-25.24%
Date Range
1/1/2005 - 10/1/2019
Summary
The 'Quarterly, Seasonally Adjusted' series measures the unemployment rate in the European Union, seasonally adjusted on a quarterly basis. This key economic indicator provides insight into the health of the European labor market.
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, Seasonally Adjusted' unemployment rate tracks the percentage of the European Union labor force that is jobless, expressed as a seasonally adjusted quarterly figure. This data series is widely used by economists and policymakers to assess economic conditions and guide policy decisions.
Methodology
The data is collected through labor force surveys across EU member states and compiled by Eurostat.
Historical Context
The unemployment rate is a crucial metric for evaluating the strength of the European economy and informing fiscal and monetary policies.
Key Facts
- The EU unemployment rate reached a peak of 10.6% in 2013 during the Eurozone crisis.
- Youth unemployment remains a significant challenge, with rates over 15% in some member states.
- Unemployment trends vary widely across different European economies and sectors.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted' series measures the unemployment rate in the European Union, expressed as a seasonally adjusted quarterly figure.
Q: Why is this trend relevant for users or analysts?
A: The EU unemployment rate is a crucial indicator of the health of the European labor market and economy, providing insight for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys across EU member states and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key metric for evaluating the strength of the European economy and informing fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of several weeks. Regional variations and measurement challenges may limit the precision of the unemployment rate estimates.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN64TTEUQ156S), retrieved from FRED.