Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Luxembourg
LFEAMNTTLUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,750.00
Year-over-Year Change
-38.25%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures total employment in the manufacturing sector of Luxembourg. It provides insight into the health and activity of this key industry within the country's 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
The Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Luxembourg series tracks the number of people employed in the manufacturing industry of Luxembourg. This metric is closely watched by economists and policymakers as an indicator of economic performance and industrial productivity.
Methodology
The data is collected through surveys of businesses and households by the national statistical agency.
Historical Context
Trends in manufacturing employment are used to inform economic and industrial policies in Luxembourg.
Key Facts
- Luxembourg's manufacturing sector accounts for over 10% of its GDP.
- Employment in Luxembourg's manufacturing industry has declined by 15% since 2010.
- The COVID-19 pandemic led to a 7% drop in manufacturing jobs in Luxembourg in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the manufacturing sector of Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of economic activity and productivity, making this trend highly relevant for economists, policymakers, and market analysts in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Trends in manufacturing employment are used to inform economic and industrial policies in Luxembourg, such as workforce development, trade, and investment initiatives.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data, and the series does not capture self-employment or informal work in the manufacturing sector.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Luxembourg (LFEAMNTTLUA647N), retrieved from FRED.