Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Luxembourg
LFAC64TTLUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
348,720.40
Year-over-Year Change
8.58%
Date Range
1/1/2007 - 1/1/2025
Summary
This economic trend measures the total labor force aged 15 to 64 years in Luxembourg. It provides key insights into the size and composition of the working-age population, which is crucial for policymakers and labor market analysts.
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: Labor Force Total: From 15 to 64 Years for Luxembourg tracks the size of the working-age population in the country. This metric is widely used to understand labor market dynamics, workforce participation, and potential economic growth.
Methodology
The data is collected through national labor force surveys conducted by the Luxembourg statistical agency.
Historical Context
This trend is closely monitored by policymakers, economists, and labor market researchers to inform economic and social policies.
Key Facts
- Luxembourg's working-age population totaled 386,000 in 2022.
- The labor force participation rate among 15-64 year-olds is over 70%.
- Luxembourg has one of the highest employment rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force aged 15 to 64 years in Luxembourg, providing insights into the size and composition of the working-age population.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding labor market dynamics, workforce participation, and potential economic growth in 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 trend is closely monitored by policymakers, economists, and labor market researchers to inform economic and social policies in Luxembourg.
Q: Are there update delays or limitations?
A: The data is published on a regular, timely basis with minimal delays, providing a reliable and up-to-date representation of the working-age population in Luxembourg.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Luxembourg (LFAC64TTLUQ647S), retrieved from FRED.