The seasonally adjusted unemployment rate in Luxembourg was at 5.4 percent in April 2019, unchanged from the previous month. The number of unemployed persons went up by 141 to 15,500 and employed people increased by 1,052 to 461,711. Meantime, active population advanced by 294 to 284,940. A year ago, the jobless rate was higher at 5.6 percent. Unemployment Rate in Luxembourg averaged 3.75 percent from 1982 until 2019, 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.
Unemployment Rate in Luxembourg is expected to be 5.10 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 4.90 in 12 months time. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.