Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Luxembourg
LFACTTTTLUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
353,478.20
Year-over-Year Change
8.62%
Date Range
1/1/2007 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Luxembourg' measures the total labor force for individuals aged 15 and older in Luxembourg. This key economic indicator provides insights into the size and participation of the working-age population.
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 labor force statistic represents the total number of employed and unemployed individuals in Luxembourg aged 15 and above who are actively participating in the labor market. It is a core metric used by economists and policymakers to analyze the broader labor market and workforce trends within the country.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
Labor force statistics are essential for guiding economic and workforce policies at the national level.
Key Facts
- Luxembourg's labor force totaled over 300,000 individuals in 2022.
- The labor force participation rate in Luxembourg is among the highest in the European Union.
- Luxembourg's labor market is highly internationalized, with a significant proportion of cross-border workers.
FAQs
Q: What does this economic trend measure?
A: The 'Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Luxembourg' measures the total number of employed and unemployed individuals aged 15 and above who are actively participating in the Luxembourg labor market.
Q: Why is this trend relevant for users or analysts?
A: This labor force statistic is a key economic indicator used by policymakers, economists, and analysts to understand the size, composition, and participation of the working-age population in Luxembourg's labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: Labor force statistics are essential for guiding economic and workforce policies at the national level, as they provide insights into the size and characteristics of the active working population.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the survey-based nature of the data collection can introduce limitations in terms of sample size and coverage.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Luxembourg (LFACTTTTLUQ647S), retrieved from FRED.