Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Luxembourg
LRUN55TTLUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
4.94%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the unemployment rate for individuals aged 55 to 64 in Luxembourg. Understanding this demographic's labor force participation is crucial for policymakers addressing workforce challenges.
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 Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Luxembourg tracks the percentage of the population aged 55 to 64 who are unemployed. This metric provides insight into the labor market dynamics and economic security of older workers in the country.
Methodology
The data is collected through household surveys conducted by the Luxembourg national statistical office.
Historical Context
Policymakers and economists use this trend to assess labor market conditions and design policies to support older workers.
Key Facts
- Luxembourg's 55-64 unemployment rate is currently XX%.
- The trend has fluctuated between XX% and XX% over the past 5 years.
- Older workers make up XX% of Luxembourg's total labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for individuals aged 55 to 64 in Luxembourg. It provides insight into the labor market participation of older workers in the country.
Q: Why is this trend relevant for users or analysts?
A: Understanding the unemployment rate of older workers is crucial for policymakers addressing workforce challenges, such as promoting active aging and supporting the economic security of aging populations.
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: Policymakers and economists use this trend to assess labor market conditions and design policies to support older workers, such as training programs, flexible work arrangements, and retirement incentives.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delays in availability due to the time required for data collection and processing by the statistical office.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Luxembourg (LRUN55TTLUQ156N), retrieved from FRED.