The seasonally adjusted unemployment rate in Luxembourg came in at 6.4 percent in January 2021, the same as in the previous month. It remained the highest jobless rate since August 2020, as the number of unemployed people went up by 230 to 19,198. Also, the national employment fell by 463 to 278,480 and the domestic one, including residents and non-residents, decreased by 264 to 479,110. Meantime, the active population went down by 233 to 297,678. source: STATEC, Luxembourg
Unemployment Rate in Luxembourg averaged 3.85 percent from 1982 until 2021, reaching an all time high of 7.20 percent in May of 2014 and a record low of 1.40 percent in March of 1991. This page provides the latest reported value for - Luxembourg Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Unemployment Rate in Luxembourg is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Luxembourg to stand at 5.80 in 12 months time. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 6.10 percent in 2022, according to our econometric models.