Long Term Unemployment Rate in Luxembourg increased to 1.40 percent in the first quarter of 2020 from 1.10 percent in the fourth quarter of 2019.

Long Term Unemployment Rate in Luxembourg averaged 1.38 percent from 1992 until 2020, reaching an all time high of 2.60 percent in the third quarter of 2016 and a record low of 0.40 percent in the second quarter of 1992. This page provides - Luxembourg Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Long Term Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Long Term Unemployment Rate in Luxembourg is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Luxembourg to stand at 1.40 in 12 months time. In the long-term, the Luxembourg Long Term Unemployment Rate is projected to trend around 0.90 percent in 2021 and 0.20 percent in 2022, according to our econometric models.

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Luxembourg Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.10 2.60 0.40 1992 - 2020 percent Quarterly

Luxembourg Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.30 6.40 7.20 1.40 percent [+]
Employed Persons 475370.00 471029.00 475370.00 211007.00 [+]
Unemployed Persons 17875.00 20209.00 20253.00 821.00 [+]
Long Term Unemployment Rate 1.40 1.10 2.60 0.40 percent [+]
Youth Unemployment Rate 23.20 25.30 27.00 2.70 percent [+]
Labour Costs 113.09 118.26 189.00 85.90 points [+]
Wages 5382.90 5324.50 5382.90 2199.50 EUR/Month [+]
Minimum Wages 2141.99 2141.99 2141.99 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 60.00 60.70 60.90 51.40 percent [+]
Part Time Employment 50.80 52.80 54.60 16.00 Thousand [+]
Productivity 100.40 98.50 104.20 87.00 points [+]
Wages In Manufacturing 102.90 99.20 141.20 83.40 points [+]
Full Time Employment 236.40 233.10 238.30 153.50 Thousand [+]
Employment Change -0.60 0.30 1.90 -0.60 percent [+]
Employment Rate 66.90 66.70 68.40 58.50 percent [+]


Luxembourg Long Term Unemployment Rate
In Luxembourg, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.