Quarterly, Seasonally Adjusted
SWEURHARMQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.50
Year-over-Year Change
1.35%
Date Range
1/1/1970 - 1/1/2012
Summary
The Quarterly, Seasonally Adjusted series measures the employment rate in the euro area, adjusted for seasonal variations. This key economic indicator provides insights into the labor market and overall economic conditions.
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 employment rate is a widely followed metric that tracks the percentage of the working-age population in the euro area that is employed. Seasonal adjustments help analysts better identify underlying trends in the labor market.
Methodology
This data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The employment rate is a crucial indicator used by policymakers, economists, and market analysts to assess the health of the euro area economy.
Key Facts
- The euro area employment rate averaged 67.8% in 2021.
- The employment rate reached a record high of 68.5% in Q2 2022.
- The employment rate has steadily recovered since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the percentage of the working-age population in the euro area that is employed, with adjustments for seasonal variations.
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: This data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The employment rate is a critical metric used by policymakers, central banks, and other institutions to assess the state of the euro area economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted employment rate data is typically released with a lag of several months, but it provides a comprehensive and reliable overview of labor market conditions in the euro area.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SWEURHARMQDSMEI), retrieved from FRED.