The seasonally adjusted unemployment rate in Luxembourg edged down to 5.5 percent in August of 2021, from 5.6 percent in the previous month. It was the lowest jobless rate since February 2020, as the number of unemployed persons dropped by 244 to 16,538 and the national employment expanded by 502 to 282,339. Additionally, the active population increased by 257 to 298,877. source: STATEC, Luxembourg
Unemployment Rate in Luxembourg averaged 3.88 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 October of 2021.
Unemployment Rate in Luxembourg is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 5.20 percent in 2022 and 5.10 percent in 2023, according to our econometric models.