Credit: STATEC

On Tuesday 21 May 2024, Luxembourg's employment agency, ADEM, reported that there were 17,596 resident jobseekers available for work at the end of April 2024; the unemployment rate remained stable over one month, at 5.6%.

The number of available resident jobskeers registered with ADEM as of 30 April 2024 stood at 17,596, an increase of 2,266 people (i.e. 14.8%) compared to April 2023.

The number of jobseekers was on the rise for all unemployment periods. The most qualified jobseekers (university graduates) as well as people under the age of 30 have witnessed the largest increases.

Regarding professions, the most significant upward variations concern construction professions, the financial and real estate sector, industry, accounting, and computer science.

The number of new jobseeker registrations also increased: 2,536 residents registered with ADEM during the month of April 2024, an increase of 398 people or 18.6% compared to April 2023. New registrations for this month include 72 registrations by beneficiaries of temporary protection (i.e. refugees from Ukraine).

The number of resident jobseekers benefiting from full unemployment benefits increased by 2,134 people or 26.5% over one year, to reach 10,187 as of 30 April 2024. The number of beneficiaries of an unemployment measure stood at 4,594, an increase of 6.8% compared to April 2023.

In April 2024, employers declared 3,366 vacant positions to ADEM, which corresponds to an increase of 13.3% compared to April 2023. The total number of vacancies at the end of the month stood at 7,996. This represents a decrease of 19.5% over one year. According to ADEM, this drop mainly impacts the professions of accounting and management, business consulting, IT, the financial and real estate sector, commerce and mass distribution, and personal and community services.

The unemployment rate, adjusted for seasonal variations, as calculated by STATEC, stood at 5.6% (unchanged from March 2024).