Credit: STATEC
On Thursday 20 July 2023, Luxembourg's employment agency ADEM reported that the number of resident jobseekers available for work as of 30 June 2023 stood at 15,333; the unemployment rate rose to 5.2%.
The number of available resident jobseekers registered with ADEM at the end of June 2023 (i.e. 15,333 jobseekers) represented an increase of 1,695 people (+12.4%) over one year. This increase applied to all periods of unemployment, except for people registered with ADEM for more than twelve months.
The most qualified jobseekers (higher education graduates) as well as young people under 30 experienced the most significant increases. At the level of trades, the most significant increases concerned secretarial work and assistance, culinary production and catering services, accounting and management, structural work and finishing work.
The number of new jobseeker registrations was on the rise: 2,337 residents registered with ADEM in June 2023, an increase of 181 people (+8.4%) compared to June 2022. Among these figures were 88 registrations from beneficiaries of temporary protection (i.e. refugees from Ukraine).
The number of resident jobseekers receiving full unemployment benefit increased by 1,330 people (+19.3%) over one year, to 8,210.
The number of beneficiaries of an employment measure stood at 4,254 and remained below the level observed in June 2022 (a decrease of 195 people or 4.4%).
During the month of June 2023, employers declared 3,499 vacancies to ADEM, which corresponds to a decrease of 17.7% compared to June 2022. ADEM noted that this decline concerned all sectors of activity, particularly commerce, specialised, scientific and technical activities, administrative and support service activities, as well as human health and social work activities. The total number of available positions stood at 9,488 at the end of June 2023, i.e. a decrease of 30.2% over one year.
The unemployment rate, adjusted for seasonal variations, calculated by STATEC, rose from 5% in May to 5.2% in June 2023.
