Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Luxembourg
LRHUTTTTLUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
6.35%
Date Range
1/1/1983 - 5/1/2025
Summary
The Monthly Unemployment Rate Total: 15 Years or over for Luxembourg measures the percentage of the labor force aged 15 and older that is unemployed. This key economic indicator provides insight into the overall health of the Luxembourg labor market.
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 unemployment rate series tracks the share of the economically active population in Luxembourg who are jobless but actively seeking employment. It is a widely-used metric for evaluating the strength of the national economy and informing policy decisions.
Methodology
The data is collected through monthly household surveys conducted by the Luxembourg national statistics office.
Historical Context
Policymakers and analysts closely monitor this unemployment rate to assess labor market conditions and the broader economic climate.
Key Facts
- Luxembourg's unemployment rate averaged 5.9% from 2000 to 2022.
- The rate peaked at 7.1% in 2021 due to the COVID-19 pandemic.
- Luxembourg has one of the lowest unemployment rates in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Monthly Unemployment Rate Total: 15 Years or over for Luxembourg tracks the percentage of the labor force aged 15 and older who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of the overall health of the Luxembourg labor market and economy, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the Luxembourg national statistics office.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this unemployment rate to assess labor market conditions and inform decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The unemployment rate data is released on a monthly basis with minimal delays, providing timely insight into the Luxembourg labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Luxembourg (LRHUTTTTLUM156S), retrieved from FRED.