Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Luxembourg
LREM25TTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.03
Year-over-Year Change
2.32%
Date Range
1/1/2003 - 1/1/2024
Summary
The Employment Rate Total: From 25 to 54 Years for Luxembourg measures the percentage of working-age Luxembourgers aged 25 to 54 who are employed. This key labor market indicator provides insight into the overall economic health and labor force participation in Luxembourg.
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 trend represents the employment rate for the prime working-age population in Luxembourg. It is a widely followed labor market statistic that economists and policymakers use to assess the strength of the domestic economy and the ability of the labor force to support economic growth.
Methodology
The data is collected through household surveys conducted by the Luxembourgish statistical agency.
Historical Context
Trends in this employment rate are closely watched by the European Central Bank and other institutions to evaluate Luxembourg's economic performance.
Key Facts
- Luxembourg's employment rate for 25-54 year-olds was 82.6% in 2021.
- The rate has increased from 79.2% in 2011.
- Luxembourg has one of the highest employment rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Luxembourg measures the percentage of working-age Luxembourgers aged 25 to 54 who are employed.
Q: Why is this trend relevant for users or analysts?
A: This employment rate is a key indicator of the strength of Luxembourg's labor market and overall economic health. It provides important insights 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 Luxembourgish statistical agency.
Q: How is this trend used in economic policy?
A: Trends in this employment rate are closely watched by the European Central Bank and other institutions to evaluate Luxembourg's economic performance and labor force participation.
Q: Are there update delays or limitations?
A: The employment rate data is updated on a regular basis with minimal delays, providing timely insights into Luxembourg's labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Luxembourg (LREM25TTLUA156N), retrieved from FRED.