The seasonally adjusted unemployment rate in Luxembourg rose to 5.5 percent in May 2019 from 5.4 percent in the prior month, hinting its highest level since July last year, as the number of unemployed persons increased by 158 to 15,644 and employed rose by 1,247 to 462,789. Meantime, active population went up by 522 to 285,187. A year ago, the unemployment rate was at the same level. Unemployment Rate in Luxembourg averaged 3.76 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.