Unemployment Rate: Aged 15 and Over: All Persons for the European Union
LRUNTTTTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.14
Year-over-Year Change
-25.31%
Date Range
1/1/2005 - 10/1/2019
Summary
The Unemployment Rate: Aged 15 and Over: All Persons for the European Union is a key economic indicator that measures the percentage of the total labor force in the EU that is unemployed.
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 trend represents the proportion of the working-age population in the European Union that is jobless but actively seeking employment. It is a crucial metric for understanding the health of the EU labor market and economic conditions.
Methodology
The data is collected through household surveys conducted by national statistical agencies across the EU member states.
Historical Context
The unemployment rate is closely watched by policymakers, central banks, and market analysts to inform economic and monetary policy decisions.
Key Facts
- The EU unemployment rate averaged 6.5% in 2022.
- Youth unemployment remains a persistent challenge, with the rate for those aged 15-24 around 15% in 2022.
- Unemployment rates vary significantly across EU member states.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate: Aged 15 and Over: All Persons for the European Union measures the percentage of the total labor force in the EU that is without a job but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a crucial indicator of labor market conditions and overall economic health in the European Union, making it highly relevant for policymakers, economists, and market participants.
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 EU unemployment rate is closely monitored by central banks and governments to inform monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment data is typically released on a monthly or quarterly basis, with a small time lag to allow for data collection and compilation across the EU member states.
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Citation
U.S. Federal Reserve, Unemployment Rate: Aged 15 and Over: All Persons for the European Union (LRUNTTTTEUQ156S), retrieved from FRED.