Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Luxembourg
LFEM24MALUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,225.00
Year-over-Year Change
56.45%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures employment among males aged 15 to 24 in Luxembourg. It provides important insights into youth labor market dynamics and is a key indicator for policymakers and economists.
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: Employment Male: From 15 to 24 Years for Luxembourg series tracks the number of employed males between the ages of 15 and 24 in Luxembourg. This metric is widely used to analyze youth employment trends and assess the overall health of the labor market.
Methodology
The data is collected through national labor force surveys conducted by statistical agencies.
Historical Context
This trend is closely monitored by government policymakers, central banks, and financial analysts to gauge economic conditions and inform policy decisions.
Key Facts
- Luxembourg has one of the highest youth employment rates in Europe.
- The 15-24 age group accounts for over 10% of Luxembourg's total labor force.
- Youth employment trends often lag behind broader economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment level of males aged 15 to 24 in Luxembourg, providing insights into the country's youth labor market.
Q: Why is this trend relevant for users or analysts?
A: Youth employment is a key indicator of economic health and social well-being, making this trend highly relevant for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by statistical agencies in Luxembourg.
Q: How is this trend used in economic policy?
A: Governments, central banks, and other institutions closely monitor this trend to assess labor market conditions and inform policy decisions related to employment, education, and social welfare.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting due to the time required for survey collection and processing, but the trend is generally updated on a regular basis.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Luxembourg (LFEM24MALUA647S), retrieved from FRED.