Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Luxembourg
LRUN25TTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.79
Year-over-Year Change
102.09%
Date Range
1/1/2007 - 1/1/2025
Summary
The Unemployment Rate Total: From 25 to 54 Years for Luxembourg measures the percentage of the labor force aged 25-54 who are jobless but actively seeking employment in Luxembourg.
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 indicator provides insight into the labor market dynamics and economic health of Luxembourg by focusing on the prime working-age population. It is a key statistic used by economists and policymakers to assess employment trends and inform economic policies.
Methodology
The data is collected through national labor force surveys conducted by the Luxembourg national statistical office.
Historical Context
The unemployment rate is a critical metric for evaluating the strength of the Luxembourg economy and guiding fiscal and monetary policies.
Key Facts
- Luxembourg's unemployment rate for ages 25-54 was 4.7% as of the latest data.
- The prime-age unemployment rate in Luxembourg is significantly lower than the overall national rate.
- Tracking unemployment by age group provides nuanced insight into the labor market.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the labor force aged 25-54 in Luxembourg who are unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The prime-age unemployment rate is a crucial metric for assessing the health and stability of Luxembourg's labor market and economy.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Luxembourg national statistical office.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the prime-age unemployment rate to inform fiscal, monetary, and labor market policies in Luxembourg.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required to conduct and process the national labor force surveys.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Luxembourg (LRUN25TTLUQ156S), retrieved from FRED.