Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Luxembourg
LFHU24TTLUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,000.00
Year-over-Year Change
0.00%
Date Range
1/1/1983 - 6/1/2025
Summary
This economic trend measures the total number of unemployed individuals aged 15 to 24 in Luxembourg on a monthly basis. It provides crucial insights into youth employment and labor market dynamics.
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 Monthly Unemployment Total: From 15 to 24 Years for Luxembourg tracks the number of jobless individuals within the 15-24 age group in the country. This statistic is a key indicator of youth labor market conditions and can inform policymakers and economists about emerging employment trends.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This trend is widely used to analyze labor market health and assess the effectiveness of policies targeting youth unemployment.
Key Facts
- Luxembourg's youth unemployment rate is below the EU average.
- Unemployment among 15-24-year-olds peaked during the 2008 financial crisis.
- The government has implemented programs to promote youth employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 to 24 in Luxembourg on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides crucial insights into youth employment and labor market dynamics, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is widely used to analyze labor market health and assess the effectiveness of policies targeting youth unemployment.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of national statistical agencies and may have a short delay.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Luxembourg (LFHU24TTLUM647N), retrieved from FRED.