Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Luxembourg
LFHU24FELUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,250.00
Year-over-Year Change
107.69%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic trend measures the monthly unemployment rate for females aged 15 to 24 in Luxembourg. Understanding youth unemployment is crucial for policymakers addressing labor market dynamics.
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: Monthly Unemployment Female: From 15 to 24 Years for Luxembourg indicator tracks the seasonally adjusted unemployment rate for young women in the country. This data is widely used by economists and labor analysts to assess the health of the Luxembourg job market, especially for vulnerable demographic groups.
Methodology
The data is collected through national labor force surveys conducted by the Luxembourg statistical agency.
Historical Context
This unemployment indicator provides important context for policymakers and central bankers monitoring economic conditions and considering interventions.
Key Facts
- Unemployment for women aged 15-24 in Luxembourg was 13.5% in January 2023.
- Youth joblessness is typically higher than the overall unemployment rate.
- Tracking youth unemployment is crucial for designing effective labor policies.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly unemployment rate for females aged 15 to 24 in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth unemployment is critical for assessing the overall health of the labor market and informing policy decisions.
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 unemployment indicator provides important context for policymakers and central bankers monitoring economic conditions and considering interventions.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in availability depending on the reporting schedule.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Luxembourg (LFHU24FELUA647N), retrieved from FRED.