Labor Force Participation Rate in Luxembourg increased to 61.30 percent in the third quarter of 2020 from 60.20 percent in the second quarter of 2020. source: EUROSTAT

Labor Force Participation Rate in Luxembourg averaged 57.58 percent from 1998 until 2020, reaching an all time high of 61.30 percent in the third quarter of 2020 and a record low of 51.40 percent in the second quarter of 1998. This page provides - Luxembourg Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Labor Force Participation Rate - values, historical data and charts - was last updated on February of 2021.

Labor Force Participation Rate in Luxembourg is expected to be 59.22 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Luxembourg to stand at 59.21 in 12 months time. In the long-term, the Luxembourg Labor Force Participation Rate is projected to trend around 59.22 percent in 2021, according to our econometric models.

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Luxembourg Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
61.30 60.20 61.30 51.40 1998 - 2020 percent Quarterly
NSA

Luxembourg Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.40 6.40 7.20 1.40 percent [+]
Employed Persons 473760.00 480582.00 480582.00 211007.00 [+]
Unemployed Persons 19882.00 19918.00 20253.00 821.00 [+]
Long Term Unemployment Rate 1.90 1.40 2.60 0.40 percent [+]
Youth Unemployment Rate 22.30 21.50 26.30 2.70 percent [+]
Labour Costs 112.55 100.79 189.00 85.90 points [+]
Wages 5486.92 5429.00 5486.92 2199.50 EUR/Month [+]
Minimum Wages 2201.93 2141.99 2201.93 1162.08 EUR/Month [+]
Population 0.61 0.60 0.61 0.31 Million [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Labor Force Participation Rate 61.30 60.20 61.30 51.40 percent [+]
Part Time Employment 53.20 50.80 54.60 16.00 Thousand [+]
Productivity 100.20 100.40 104.20 87.00 points [+]
Wages In Manufacturing 107.40 100.10 141.20 83.40 points [+]
Full Time Employment 233.30 236.40 238.30 153.50 Thousand [+]
Employment Change 1.30 -0.60 1.90 -0.60 percent [+]
Employment Rate 66.90 66.90 68.40 58.50 percent [+]