Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Luxembourg
LFUN74MALUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,050.00
Year-over-Year Change
92.80%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the unemployment rate for males aged 15 to 74 in Luxembourg. It provides crucial insights into the country's labor market dynamics and 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: Unemployment Male: From 15 to 74 Years for Luxembourg tracks the monthly unemployment rate for working-age men in the country. This data is used by economists and policymakers to assess the health of the Luxembourgish labor market and inform economic and social policies.
Methodology
This data is collected through household surveys conducted by the Luxembourg statistical agency.
Historical Context
The unemployment rate is a key indicator monitored by central banks, government agencies, and market analysts to gauge economic performance and guide policy decisions.
Key Facts
- Luxembourg has one of the lowest unemployment rates in the EU.
- The unemployment rate for men is typically lower than the overall rate.
- Unemployment data is closely watched by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for males aged 15 to 74 in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This data provides crucial insights into the health of Luxembourg's labor market and workforce participation, which is highly relevant for economists, policymakers, and market analysts.
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: The unemployment rate is a key indicator monitored by central banks, government agencies, and market analysts to gauge economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insights into Luxembourg's labor market dynamics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Luxembourg (LFUN74MALUA647N), retrieved from FRED.