Credit: STATEC
According to ADEM, Luxembourg's unemployment agency, the number of resident jobseekers available for work as of 31 October 2021 stood at 15,417; over one year, this represents a decrease of 2,554 people, or 14.7%.
Compared to the previous month, there were 224 fewer available resident jobseekers at the end of October 2021.
The unemployment rate, adjusted for seasonal variations, calculated by STATEC, now stands at 5.4% and has therefore returned to the level recorded between October 2019 and February 2020.
While unemployment is generally on the decline, long-term unemployment, i.e. the number of jobseekers registered with ADEM for at least twelve months, continues to rise. More than half (52%) of available resident job seekers continue to be affected by long-term unemployment.
Employment Measures
In October 2021, 2,472 residents registered with ADEM (2,805 in September 2021), a decrease of 236 people or 8.7% compared to October 2020. According to ADEM, the number of registrations remains relatively low and is close to the level observed in 2018.
The number of resident jobseekers assigned to an employment measure stood at 4,468 as of 31 October 2021. Over one year, this constitutes an increase of 401 people, or 9.9%.
Employment Benefit
A total of 7,725 residents received full unemployment benefit. Over one year, this represents a decrease of 1,871 people, or 19.5%.
Open Positions
The number of vacant positions declared to ADEM last month was very high. During the month of October 2021, employers declared 3,909 vacant positions, which corresponds to an increase of 33.4% compared to October 2020.
ADEM identified a total of 11,076 available positions in its files. Over one year, this constitutes an increase of 52.2%.
