Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Luxembourg
LRUN64TTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.53
Year-over-Year Change
50.20%
Date Range
1/1/2007 - 1/1/2025
Summary
This economic trend measures the total unemployment rate for individuals aged 15 to 64 in Luxembourg. It provides important insights into the country's labor market dynamics and is closely monitored by policymakers.
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 Rate Total: From 15 to 64 Years for Luxembourg tracks the percentage of the working-age population in Luxembourg that is jobless but actively seeking employment. This key indicator is used to assess the overall health and resilience of the country's labor market.
Methodology
The data is collected through national labor force surveys conducted by the Luxembourg statistical agency.
Historical Context
This unemployment rate trend is a crucial input for Luxembourg's economic policy decisions and labor market interventions.
Key Facts
- Luxembourg's unemployment rate averaged 5.5% from 2010-2020.
- The unemployment rate for women is typically higher than for men in Luxembourg.
- Youth unemployment (ages 15-24) is a persistent challenge in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 to 64 in Luxembourg, providing insights into the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic performance and labor market health, making this trend highly relevant for policymakers, economists, and market analysts focused on Luxembourg.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: This unemployment rate trend is a crucial input for Luxembourg's economic policy decisions and labor market interventions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the survey-based nature of the data means it can be subject to sampling and measurement limitations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Luxembourg (LRUN64TTLUQ156S), retrieved from FRED.