Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Luxembourg
LREM64TTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.68
Year-over-Year Change
5.81%
Date Range
1/1/2003 - 1/1/2024
Summary
The Employment Rate Total: From 15 to 64 Years for Luxembourg is an important economic indicator that measures the percentage of the working-age population in Luxembourg that is employed. This metric provides insights into labor market conditions and the overall health of the Luxembourgish economy.
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 Employment Rate Total tracks the ratio of employed persons aged 15 to 64 to the total working-age population in Luxembourg. It is a key measure of economic activity and labor market utilization, and is widely used by policymakers, economists, and analysts to assess the strength and trajectory of the Luxembourgish economy.
Methodology
The data is collected through household surveys conducted by the Luxembourg statistical agency.
Historical Context
Policymakers and central banks monitor this trend to inform decisions on economic, fiscal, and monetary policies.
Key Facts
- Luxembourg has one of the highest employment rates in the EU.
- The employment rate has remained relatively stable over the past decade.
- Service sectors account for the majority of employment in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Employment Rate Total: From 15 to 64 Years for Luxembourg measures the percentage of the working-age population in Luxembourg that is employed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and the overall health of the Luxembourgish economy, making it a key indicator for policymakers, economists, and 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: Policymakers and central banks monitor this trend to inform decisions on economic, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Luxembourg statistical agency, with minimal update delays.
Related Trends
Share Prices: All Shares/Broad: Total for Luxembourg
LUXSPASTT01GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Luxembourg
LUXCPHP0500GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Luxembourg
LUXCPHP0500IXOBM
Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Luxembourg
LREM55MALUA156S
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Luxembourg
IRSTCI01LUA156N
Amount Outstanding of Total Debt Securities for All Issuers, All Maturities, Residence of Issuer in Luxembourg
TDSAMRIAOAILU
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Luxembourg (LREM64TTLUA156S), retrieved from FRED.