Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Luxembourg
LRAC64TTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.05
Year-over-Year Change
1.86%
Date Range
1/1/2007 - 1/1/2025
Summary
The Labor Force Participation Rate for individuals aged 15 to 64 in Luxembourg is an important economic indicator that measures the active workforce as a percentage of the working-age population. It provides insights into labor market dynamics and can inform economic and social policy decisions.
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 Labor Force Participation Rate tracks the proportion of the working-age population that is employed or actively seeking employment in Luxembourg. This metric is widely used by economists, policymakers, and analysts to assess the health and utilization of the domestic labor force.
Methodology
The data is collected through household surveys conducted by the Luxembourg statistical agency.
Historical Context
Changes in the labor force participation rate can signal shifts in economic conditions, workforce participation, and the overall strength of the Luxembourg labor market.
Key Facts
- The labor force participation rate in Luxembourg averaged 69.3% from 1983 to 2022.
- Luxembourg's participation rate is typically higher than the European Union average.
- Declining participation can signal workforce challenges, such as aging populations or discouraged workers.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the proportion of the working-age population in Luxembourg that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of the domestic labor market, providing insights that can inform economic and social policy decisions.
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: Changes in the labor force participation rate can signal shifts in economic conditions, workforce participation, and the overall strength of the Luxembourg labor market, which policymakers and analysts use to inform their decisions.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, so there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Luxembourg (LRAC64TTLUQ156S), retrieved from FRED.