Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Luxembourg
LFEM55TTLUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,125.00
Year-over-Year Change
76.12%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the total employment of people aged 55 to 64 years in Luxembourg. It provides insight into the labor force participation and economic activity of older workers.
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 Total: From 55 to 64 Years for Luxembourg metric tracks the number of employed individuals in Luxembourg within the 55 to 64 age group. This data point is used by economists and policymakers to analyze labor market trends and the economic status of older workers.
Methodology
The data is collected through household surveys conducted by the Luxembourg statistical agency.
Historical Context
This employment trend is relevant for understanding the broader labor market conditions and policy implications in Luxembourg.
Key Facts
- Luxembourg's 55-64 employment rate was 60.5% in 2021.
- Employment of older workers has risen steadily in Luxembourg over the past decade.
- Policies to promote active aging have contributed to higher labor force participation of older adults.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment of people aged 55 to 64 years in Luxembourg. It provides insight into the labor force participation and economic activity of older workers in the country.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is relevant for understanding the broader labor market conditions and policy implications in Luxembourg, particularly regarding the economic status and labor force participation of older workers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to analyze labor market trends and the economic status of older workers, which can inform policies to promote active aging and higher labor force participation of older adults.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some update delays due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Luxembourg (LFEM55TTLUA647N), retrieved from FRED.