Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Luxembourg
LRHU24MALUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.30
Year-over-Year Change
1.25%
Date Range
1/1/1983 - 5/1/2025
Summary
The Monthly Unemployment Rate for Males Aged 15 to 24 in Luxembourg is a key economic indicator that measures the proportion of the male labor force in this age group who are actively seeking but unable to find employment.
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 statistic provides important insights into the labor market dynamics and employment opportunities for young men in Luxembourg. It is widely used by economists, policymakers, and analysts to assess the overall health and stability of the Luxembourg economy.
Methodology
The data is collected through household surveys conducted by the Luxembourg national statistical office.
Historical Context
Trends in this unemployment rate are closely monitored by the European Central Bank and national government agencies to inform economic and labor market policies.
Key Facts
- Luxembourg's male youth unemployment rate is typically lower than the EU average.
- Unemployment tends to be higher during economic downturns and recessions.
- Reducing youth unemployment is a key policy priority for the Luxembourg government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for males aged 15 to 24 in Luxembourg, providing insights into the employment status of young workers in the country.
Q: Why is this trend relevant for users or analysts?
A: The male youth unemployment rate is a critical indicator of labor market conditions and the overall health of the Luxembourg economy. It is closely monitored by policymakers, economists, and analysts to inform economic and employment policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Luxembourg national statistical office.
Q: How is this trend used in economic policy?
A: Trends in this unemployment rate are closely monitored by the European Central Bank and national government agencies to inform policies aimed at promoting employment and economic stability in Luxembourg.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks. There may be occasional revisions to historical data as well.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Luxembourg (LRHU24MALUM156N), retrieved from FRED.