Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Luxembourg
LREM55MALUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.28
Year-over-Year Change
12.34%
Date Range
1/1/2003 - 1/1/2024
Summary
The Employment Rate Male: From 55 to 64 Years for Luxembourg measures the percentage of men aged 55 to 64 who are employed in Luxembourg. This statistic is crucial for understanding labor force participation and economic activity among older workers.
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 employment rate provides insight into the labor market dynamics and labor force composition for middle-aged and older men in Luxembourg. It is widely used by policymakers, economists, and labor analysts to evaluate workforce trends and workforce participation.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This metric is relevant for assessing the economic health and labor force attachment of older workers, which has implications for pension systems, social welfare, and economic productivity.
Key Facts
- Luxembourg's employment rate for men aged 55-64 was 53.6% in 2020.
- The employment rate for this group has increased over the past decade.
- Older workers comprise an important segment of the Luxembourg labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of men aged 55 to 64 who are employed in Luxembourg. It provides insight into labor force participation and economic activity among older workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for assessing the economic health and labor force attachment of older workers, which has implications for pension systems, social welfare, and economic productivity.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and labor analysts to evaluate workforce trends and workforce participation, with implications for policies related to retirement, social welfare, and economic growth.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and publication, but the employment rate for this age group is a commonly tracked economic indicator.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Luxembourg (LREM55MALUA156S), retrieved from FRED.