Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Luxembourg
LREMTTTTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.76
Year-over-Year Change
-0.53%
Date Range
1/1/2007 - 1/1/2025
Summary
This economic trend measures the employment rate for individuals aged 15 and over in Luxembourg. It is a key indicator of labor market health and overall 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
The employment rate tracks the percentage of the working-age population that is employed. This metric is widely used by economists and policymakers to assess the strength of the labor market and overall economic conditions.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
The employment rate is a crucial input for policymakers evaluating fiscal and monetary policies.
Key Facts
- Luxembourg has one of the highest employment rates in the European Union.
- The employment rate for women in Luxembourg exceeds the EU average.
- Youth unemployment remains a challenge despite the strong overall labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the working-age population in Luxembourg that is employed. It is a key indicator of labor market health and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a crucial metric for evaluating the strength of the labor market and the overall economy. It informs policy decisions and provides insight into the broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical agency in Luxembourg.
Q: How is this trend used in economic policy?
A: The employment rate is a key input for policymakers when evaluating fiscal and monetary policies aimed at promoting economic growth and full employment.
Q: Are there update delays or limitations?
A: The employment rate data is published on a regular basis, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Luxembourg (LREMTTTTLUQ156S), retrieved from FRED.