The seasonally adjusted unemployment rate in Luxembourg came in at 5.4 percent in December of 2019, the same as in the previous month and compared to 5.1 percent a year earlier. The number of unemployed persons increased by 50 from a month early to 15,722 and the national employment went up by 582 to 274,944.
Unemployment Rate in Luxembourg averaged 3.78 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. 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.
Unemployment Rate in Luxembourg is expected to be 5.30 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 5.30 in 12 months time. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.