Credit: STATEC

According to ADEM, Luxembourg's employment agency, the number of resident jobseekers available for work as of 28 February 2023 stood at 15,650; the unemployment rate stood at 4.8%.

The number of available resident jobseekers registered with ADEM at the end of February 2023 (i.e. 15,650 jobseekers) represented an increase of 310 people (i.e. 2.0%) over one year. The increase applied to all periods of unemployment, with the exception of people registered with ADEM for more than twelve months. Over one month, the number of resident jobseekers decreased by 151 people (i.e. -1.0%). 

The unemployment rate, adjusted for seasonal variations, calculated by STATEC, thus stood at 4.8% at the end of February 2023 (down from 4.9% one month earlier).

The number of new jobseeker registrations was also on the rise: 2,294 residents registered with ADEM during the month of February 2023, an increase of 446 people (i.e. 24.1%) compared to February 2022. Among these figures were 67 registrations from beneficiaries of temporary protection (i.e. refugees from Ukraine).

The number of resident jobseekers receiving full unemployment benefit increased by 538 people (i.e. 7.1%) over one year, to 8,093.

The number of beneficiaries of an employment measure stood at 4,265 and was below the level observed in February 2022 (a decrease of 73 people, or 1.7%).

During the month of February 2023, employers declared 3,389 vacancies to ADEM, which corresponds to a decrease of 3.4% compared to February 2022. The total number of available positions stood at 11,271 at the end of February 2023, i.e. an increase of 2.2% over one year.