Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Luxembourg
LFHU24MALUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,500.00
Year-over-Year Change
110.00%
Date Range
1/1/1983 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Luxembourg' measures the unemployment rate among young male workers in Luxembourg. This metric is closely watched by economists and policymakers to assess the health of the country's labor market and identify potential areas for intervention.
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 economic indicator tracks the percentage of unemployed males aged 15 to 24 in Luxembourg on a monthly basis. It provides granular insight into employment trends among the country's youth population, which is a key demographic for understanding economic growth and development.
Methodology
The data is collected through household surveys conducted by the Luxembourg statistical agency.
Historical Context
Policymakers use this metric to inform decisions around education, workforce training, and labor market regulations.
Key Facts
- Luxembourg's youth unemployment rate was 15.2% in 2021.
- Male unemployment is higher than female unemployment in this age group.
- The trend has fluctuated significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly unemployment rate among males aged 15 to 24 in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a key metric for assessing the health of a country's labor market and economy.
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: Policymakers use this metric to inform decisions around education, workforce training, and labor market regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Luxembourg (LFHU24MALUA647N), retrieved from FRED.