Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Luxembourg
LRUN74TTLUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.20
Year-over-Year Change
51.22%
Date Range
4/1/1998 - 1/1/2025
Summary
The Unemployment Rate Total: From 15 to 74 Years for Luxembourg measures the percentage of the labor force aged 15 to 74 that is without a job. This key labor market indicator provides insight into the overall health of the Luxembourgish economy.
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 series, published by the U.S. Federal Reserve, tracks the unemployment rate for the working-age population in Luxembourg. It is a widely-used metric for assessing economic performance and the effectiveness of labor policies.
Methodology
The data is collected through household surveys conducted by the Luxembourgish national statistical agency.
Historical Context
Policymakers and economists closely monitor this unemployment rate to gauge the strength of the Luxembourgish labor market and inform decisions on fiscal and monetary policy.
Key Facts
- Luxembourg's unemployment rate averaged 5.7% from 2000 to 2022.
- The rate peaked at 7.1% in 2014 during an economic slowdown.
- Unemployment is significantly lower than the Eurozone average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Luxembourgish labor force aged 15 to 74 that is without a job.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and economic performance, providing valuable insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Luxembourgish national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this unemployment rate to gauge the strength of the Luxembourgish labor market and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Luxembourg (LRUN74TTLUQ156N), retrieved from FRED.