Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Luxembourg
LFEASETTLUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
302,500.00
Year-over-Year Change
7.35%
Date Range
4/1/1998 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Luxembourg measures the total employment in the service sector of the Luxembourg economy. This trend provides insight into the health and dynamics of the country's labor market and service industry.
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 indicator tracks the total number of individuals employed in the service sector in Luxembourg, which includes industries such as retail, finance, and hospitality. It serves as an important gauge of economic activity and labor market conditions within the tertiary industry of the country.
Methodology
The data is collected through household and establishment surveys conducted by the Luxembourg statistical agency.
Historical Context
This employment trend is closely monitored by policymakers and analysts to assess the strength of the Luxembourgish economy and inform policy decisions.
Key Facts
- Luxembourg has a highly developed service-based economy.
- The service sector accounts for over 80% of the country's GDP.
- Employment in Luxembourg's service industries has been growing steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment in the service sector of the Luxembourg economy, including industries such as retail, finance, and hospitality.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insights into the health and dynamics of Luxembourg's labor market and service industry, which is a crucial component of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers and analysts to assess the strength of the Luxembourgish economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Luxembourg (LFEASETTLUQ647N), retrieved from FRED.