Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Luxembourg
LRHUADTTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
19.52%
Date Range
1/1/1983 - 1/1/2024
Summary
The Monthly Unemployment Rate Total: 25 Years or over for Luxembourg measures the percentage of the labor force aged 25 and above who are without jobs in Luxembourg. This key economic indicator provides insight into the country's labor market conditions.
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 rate statistic tracks the share of the Luxembourgish workforce aged 25 and older who are actively seeking but unable to find employment. It is a widely used metric for assessing the health and performance of the local economy.
Methodology
The data is collected through household surveys conducted by the Luxembourg public statistical agency.
Historical Context
Policymakers and analysts closely monitor this unemployment rate to gauge labor market trends and inform economic and workforce development strategies.
Key Facts
- Luxembourg has one of the lowest unemployment rates in Europe.
- The unemployment rate for those aged 25+ is typically lower than the overall rate.
- Unemployment trends can inform policies to support the Luxembourg workforce.
FAQs
Q: What does this economic trend measure?
A: The Monthly Unemployment Rate Total: 25 Years or over for Luxembourg tracks the percentage of the Luxembourgish labor force aged 25 and above who are jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate statistic is a key indicator of labor market conditions in Luxembourg, providing insight into workforce participation and economic performance that is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Luxembourg public statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this unemployment rate to gauge labor market trends and inform economic and workforce development strategies in Luxembourg.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, though there may be occasional delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Luxembourg (LRHUADTTLUA156N), retrieved from FRED.