Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Luxembourg
LFEM24TTLUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,325.00
Year-over-Year Change
60.94%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures total employment for people aged 15 to 24 in Luxembourg. It provides insight into youth labor market dynamics and is an important indicator for policymakers and economists studying workforce participation.
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 Total: From 15 to 24 Years for Luxembourg trend tracks the number of employed individuals in the 15-24 age group within the Luxembourg labor market. This data is used to analyze youth employment levels and trends over time.
Methodology
The data is collected through household surveys conducted by the Luxembourg statistical agency.
Historical Context
This metric is closely monitored by policymakers and economists to assess the health of the Luxembourg labor market, particularly for younger workers.
Key Facts
- Luxembourg's youth employment rate is above the EU average.
- Employment for 15-24 year olds has remained relatively stable in recent years.
- Youth unemployment is a key policy focus in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment for individuals aged 15 to 24 years old in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into youth labor market dynamics in Luxembourg, which is a key focus area for policymakers and economists studying workforce participation.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and economists to assess the health of the Luxembourg labor market, particularly for younger workers.
Q: Are there update delays or limitations?
A: There may be delays in data availability and revisions to previously reported figures due to the survey-based nature of this metric.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 25 to 54 Years for Luxembourg
LFIN25MALUA647S
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Luxembourg
LUXLORSGPTDSTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Luxembourg
LUXCPHP0900IXOBM
Balance of Payments: Goods: Expenditure for Luxembourg
LUXB6DBTD01CXCUSAQ
Harmonized Index of Consumer Prices: Tobacco for Luxembourg
CP0220LUM086NEST
Real Broad Effective Exchange Rate for Luxembourg
RBLUBIS
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Luxembourg (LFEM24TTLUA647N), retrieved from FRED.