Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Luxembourg
LRUN24TTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.25
Year-over-Year Change
-17.91%
Date Range
1/1/2007 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Luxembourg measures the unemployment rate among young workers in Luxembourg. This metric is crucial for policymakers to understand labor market dynamics and develop targeted employment 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
This infra-annual labor statistic tracks the unemployment rate for individuals aged 15 to 24 in Luxembourg. It provides a more timely and granular view of the youth labor market compared to annual data, enabling analysts to identify emerging trends and assess the effectiveness of labor market interventions.
Methodology
The data is collected through household surveys conducted by the Luxembourg statistical agency.
Historical Context
Policymakers and economists closely monitor this indicator to gauge the health of the Luxembourgish labor market and inform economic and social policies.
Key Facts
- Luxembourg's youth unemployment rate was 6.1% in 2022.
- The rate has declined from a peak of 18.2% in 2013.
- Youth unemployment remains lower in Luxembourg than the EU average.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Luxembourg measures the unemployment rate among young workers aged 15 to 24 in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to understand labor market dynamics and develop targeted employment policies for the youth population in Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to gauge the health of the Luxembourgish labor market and inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is provided on an infra-annual basis, offering a more timely view of the youth labor market compared to annual statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Luxembourg (LRUN24TTLUQ156S), retrieved from FRED.