Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Luxembourg
LFHU24TTLUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,750.00
Year-over-Year Change
97.14%
Date Range
1/1/1983 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Luxembourg' trend measures the total number of unemployed individuals aged 15 to 24 in Luxembourg. This data provides insights into youth labor market dynamics and is a key indicator for policymakers.
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 monthly series tracks the total number of unemployed people in Luxembourg between the ages of 15 and 24. It is an important metric for understanding youth employment and labor force participation in the country. Economists and policymakers use this data to analyze trends and inform decisions around education, training, and labor market policies.
Methodology
The data is collected through national labor force surveys conducted by the Luxembourg statistical agency.
Historical Context
This unemployment trend helps policymakers assess the health of Luxembourg's labor market and develop targeted initiatives to support young workers.
Key Facts
- Luxembourg's youth unemployment rate was 17.3% in 2021.
- The total number of unemployed youth reached a high of 10,700 in 2020.
- Youth unemployment is a key focus for Luxembourg's economic and social policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 to 24 in Luxembourg. It provides insights into youth labor market dynamics and participation.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the health of Luxembourg's labor market, particularly for young workers. It informs policymakers' decisions around education, training, and employment programs.
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: Policymakers in Luxembourg use this unemployment trend to assess labor market conditions and develop targeted initiatives to support young workers and improve youth employment outcomes.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of 2-3 months. There may be some limitations in coverage or sampling that affect the precision of the estimates.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Luxembourg (LFHU24TTLUA647N), retrieved from FRED.