Long Term Unemployment Rate in Luxembourg increased to 1.90 percent in the third quarter of 2020 from 1.40 percent in the first quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Luxembourg averaged 1.39 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 May of 2021.

Long Term Unemployment Rate in Luxembourg is expected to be 3.00 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 2.00 in 12 months time. In the long-term, the Luxembourg Long Term Unemployment Rate is projected to trend around 2.00 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Luxembourg Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.40 2.60 0.40 1992 - 2020 percent Quarterly

Luxembourg Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.10 6.20 7.20 1.40 percent [+]
Employed Persons 482660.00 479796.00 482660.00 211007.00 [+]
Unemployed Persons 18689.00 19476.00 20253.00 821.00 [+]
Long Term Unemployment Rate 1.90 1.40 2.60 0.40 percent [+]
Youth Unemployment Rate 21.30 21.40 26.30 2.70 percent [+]
Labour Costs 109.60 111.87 189.00 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 0.63 0.61 0.63 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 51.90 53.20 54.60 16.00 Thousand [+]
Productivity 101.60 100.20 104.20 87.00 points [+]
Wages In Manufacturing 99.30 102.00 141.20 83.40 points [+]
Full Time Employment 242.20 233.30 242.20 153.50 Thousand [+]
Employment Change 1.30 -0.60 1.90 -0.60 percent [+]
Employment Rate 68.50 66.90 68.50 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.