Infra-Annual Labor Statistics: Employees Total for Luxembourg
LFESEETTLUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
288,575.00
Year-over-Year Change
34.46%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Employees Total for Luxembourg' trend measures the total number of employees in Luxembourg. This data provides valuable insights into the country's labor market and economic activity.
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 represents the total number of people employed in Luxembourg, including both private and public sector workers. It is a key economic indicator used by policymakers and analysts to monitor labor market conditions and overall economic performance.
Methodology
The data is collected through surveys of employers and households by Luxembourg's national statistical agency.
Historical Context
This labor market metric is closely watched by the European Central Bank and other institutions to assess the strength of the Luxembourgish economy.
Key Facts
- Luxembourg has a population of over 600,000 people.
- The services sector accounts for over 80% of employment in Luxembourg.
- Luxembourg has one of the highest GDP per capita in the world.
FAQs
Q: What does this economic trend measure?
A: The 'Infra-Annual Labor Statistics: Employees Total for Luxembourg' measures the total number of people employed in Luxembourg, both in the private and public sectors.
Q: Why is this trend relevant for users or analysts?
A: This labor market indicator provides valuable insights into the strength of the Luxembourgish economy and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through employer and household surveys conducted by Luxembourg's national statistical agency.
Q: How is this trend used in economic policy?
A: The total employment figures for Luxembourg are closely watched by the European Central Bank and other institutions to assess the overall health of the country's economy.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employees Total for Luxembourg (LFESEETTLUA647N), retrieved from FRED.