Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Luxembourg
LMUNRLTTLUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,272.45
Year-over-Year Change
15.85%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend measures the total number of registered unemployed individuals in Luxembourg. It provides valuable insight into the labor market and helps inform economic policymaking.
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 Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Luxembourg series tracks the number of people registered as unemployed with the national employment agency. This metric is widely used by economists and policymakers to analyze labor market conditions and the overall state of the economy.
Methodology
The data is collected through the administrative records of Luxembourg's national employment agency.
Historical Context
This trend is closely monitored by the government, central bank, and other institutions to assess the health of the labor market and inform economic policies.
Key Facts
- Luxembourg's registered unemployment rate is currently around 5%.
- The trend has fluctuated significantly since the global financial crisis.
- Registered unemployment is a key indicator of economic conditions in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals registered as unemployed with Luxembourg's national employment agency.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the state of the labor market and overall economic conditions in Luxembourg, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through the administrative records of Luxembourg's national employment agency.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the government, central bank, and other institutions to assess the health of the labor market and inform economic policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential delays in reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Luxembourg (LMUNRLTTLUM647S), retrieved from FRED.