Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Luxembourg
LFEM24MALUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,225.00
Year-over-Year Change
56.45%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Luxembourg' series tracks the monthly employment rate for men aged 15 to 24 in Luxembourg. This metric is a key indicator of youth labor market health and economic opportunity.
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 series measures the number of employed men aged 15 to 24 in Luxembourg as a percentage of the total population in that demographic. It provides granular, timely data on the labor force participation and employment status of young adult males, which is valuable for policymakers and economists analyzing workforce trends.
Methodology
The data is collected through surveys of households and businesses by Luxembourg's national statistical agency.
Historical Context
Trends in youth employment are closely watched by central banks and labor ministries to assess overall economic conditions and the effectiveness of labor market policies.
Key Facts
- Luxembourg's youth employment rate averaged 36.7% in 2022.
- Youth employment in Luxembourg declined by 4.1% in 2020 due to the COVID-19 pandemic.
- The gender gap in youth employment in Luxembourg is 7.5 percentage points.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly employment rate for men aged 15 to 24 in Luxembourg as a percentage of the total population in that demographic.
Q: Why is this trend relevant for users or analysts?
A: Trends in youth employment are a key indicator of labor market health and economic opportunity for young adults, making this data valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: Central banks and labor ministries closely monitor youth employment trends to assess overall economic conditions and the effectiveness of labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Production: Construction: Total for Luxembourg
PRCNTO01LUQ657S
Business Tendency Surveys: Selling Prices: Economic Activity: Manufacturing: Future Tendency for Luxembourg
BSSPFT02LUM460S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Luxembourg
LUXCP040100IXOBQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Luxembourg
LRHUADFELUA156S
Value of Exports to Luxembourg from New Mexico
NMLUXA052SCEN
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Luxembourg
LRHUADMALUM156S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Luxembourg (LFEM24MALUA647N), retrieved from FRED.