Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Luxembourg
LFHUADMALUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,750.00
Year-over-Year Change
60.47%
Date Range
1/1/1983 - 1/1/2022
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Luxembourg tracks the unemployment rate for men aged 25 and older in Luxembourg. This metric is a key indicator of the country's labor market conditions and overall economic health.
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 unemployment trend provides a standardized measure of joblessness among prime-working-age men in Luxembourg, allowing for international comparisons. Economists and policymakers use this data to assess the strength of the Luxembourgish economy and guide decisions on fiscal and monetary policies.
Methodology
The data is collected through household surveys conducted by the Eurostat statistical agency.
Historical Context
This labor market indicator is closely watched by the European Central Bank and Luxembourg government in evaluating the economic climate.
Key Facts
- Unemployment rate for Luxembourg men aged 25+ was 3.6% in June 2022.
- Luxembourg has one of the lowest male unemployment rates in the European Union.
- The male unemployment rate in Luxembourg has remained below 5% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for men aged 25 and older in Luxembourg, providing a standardized indicator of joblessness in the country's labor market.
Q: Why is this trend relevant for users or analysts?
A: This unemployment metric is a key indicator of the strength of the Luxembourgish economy, which is closely watched by policymakers and economists to guide decisions on fiscal, monetary, and labor market policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Eurostat statistical agency.
Q: How is this trend used in economic policy?
A: The Harmonized Unemployment rate for Luxembourg men aged 25 and over is closely monitored by the European Central Bank and the Luxembourg government in evaluating the country's overall economic climate and labor market conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg
CPHPTT01LUA659N
Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Unprocessed Food for Luxembourg
00XFUNLUM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Luxembourg
LUXCP040300GYM
5-Bank Asset Concentration for Luxembourg
DDOI06LUA156NWDB
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Luxembourg
LFEACNTTLUQ647S
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Luxembourg
IR3TIB01LUM156N
Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Luxembourg (LFHUADMALUA647N), retrieved from FRED.