Credit: STATEC
According to ADEM, Luxembourg's unemployment agency, the number of resident jobseekers available for work as at 31 August 2021 stood at 16,123; over one year, this represents a decrease of 2,402 people, or 13%.
Compared to the previous month, there were 684 fewer available resident jobseekers at the end of August 2021.
In August 2020, the labour market was still impacted by the consequences of lockdown restrictions, with an annual increase of 20.5%. This drop over one year can thus be seen as a backlash.
The unemployment rate, adjusted for seasonal variations, calculated by STATEC, now stands at 5.5% and therefore continues to decline compared to previous months. The rate is increasingly approaching pre-crisis levels.
While unemployment is generally on the decline, long-term unemployment, i.e. the number of job seekers registered with ADEM for at least twelve months, continues to rise. More than half (52%) of available resident job seekers are affected by long-term unemployment - an unprecedented level.
Employment Measures
In August 2021, 2,082 residents registered with ADEM (2,164 in July 2021), a decrease of 248 people or 10.6% compared to August 2020.
The number of resident jobseekers assigned to an employment measure stood at 4,338 as of 31 August 2021. Over one year, this constitutes an increase of 455 people, or 11.7%.
Employment Benefit
A total of 8,066 residents received full unemployment benefit. Over one year, this represents a decrease of 1,614 people, or 16.7%.
Open Positions
During the month of August 2021, employers declared 3,745 vacant positions to ADEM. Over one year, this constitutes an increase of 68.7%.
As of 31 August 2021, ADEM identified 9,914 available positions in its files. Over one year, the number of available positions has increased by 48%.
