Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Luxembourg
LRINTTTTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.65
Year-over-Year Change
-8.78%
Date Range
1/1/2003 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Luxembourg measures the percentage of the population aged 15 and over who are not participating in the labor force. This indicator provides insights into labor market dynamics and economic activity.
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 inactivity rate statistic represents the share of the population aged 15 and above who are neither employed nor actively seeking work. It is a key indicator used by economists and policymakers to assess labor market trends and the overall level of economic engagement.
Methodology
The data is collected through household surveys conducted by the Luxembourg statistical agency.
Historical Context
The inactivity rate is monitored by central banks and governments to inform economic and labor market policies.
Key Facts
- The latest inactivity rate for Luxembourg is X.X%.
- The inactivity rate has decreased by Y.Y percentage points over the past Z years.
- Inactivity rates tend to be higher among older and younger age groups.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Luxembourg measures the percentage of the population aged 15 and over who are not participating in the labor force, either by being employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The inactivity rate is an important indicator of labor market dynamics and overall economic engagement. It provides insights into the size of the available workforce and can inform policy decisions aimed at increasing employment and participation.
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: The inactivity rate is monitored by central banks and governments to inform economic and labor market policies, such as those aimed at encouraging workforce participation and supporting employment.
Q: Are there update delays or limitations?
A: The inactivity rate data is typically published on a quarterly or monthly basis, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Luxembourg (LRINTTTTLUA156N), retrieved from FRED.