Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Luxembourg
LFUN24TTLUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,600.00
Year-over-Year Change
-10.00%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the total unemployment rate for individuals aged 15 to 24 years in Luxembourg. Tracking youth unemployment is crucial for policymakers to understand labor market dynamics and develop effective policies.
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: Unemployment Total: From 15 to 24 Years for Luxembourg trend provides a timely indicator of the labor force participation and joblessness among the younger working population in the country. This data is widely used by economists and government agencies to assess the health of the labor market and identify potential areas for intervention.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This trend informs economic and social policies aimed at promoting youth employment and workforce development.
Key Facts
- Luxembourg's youth unemployment rate was 17.2% in 2021.
- Youth unemployment is typically higher than the overall unemployment rate.
- Reducing youth joblessness is a key policy priority for many governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 to 24 years in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: Tracking youth unemployment is crucial for policymakers to understand labor market dynamics and develop effective policies to promote employment and workforce development.
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 informs economic and social policies aimed at promoting youth employment and workforce development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Luxembourg (LFUN24TTLUQ647N), retrieved from FRED.