The seasonally adjusted unemployment rate in Luxembourg edged down to 5.7 percent in June of 2021, from a downwardly revised 5.8 percent in the previous month. It was the lowest jobless rate since February of 2020, as the number of unemployed people decreased by 508 to 17,010 while the national employment rose by 506 to 283,002. At the same time, the active population was little-changed at 300,013. source: STATEC, Luxembourg
Unemployment Rate in Luxembourg averaged 3.87 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 August of 2021.
Unemployment Rate in Luxembourg is expected to be 6.20 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 6.30 in 12 months time. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 6.10 percent in 2022 and 5.60 percent in 2023, according to our econometric models.