Credit: STATEC

According to ADEM and STATEC, unemployment remained stable in Luxembourg at the end of 2020; after a sudden increase in March and April and a decline from May onwards, the unemployment rate hovered around 6.3% to 6.4% between August and December 2020.

As of 31 December 2020, the number of available resident jobseekers registered with the ADEM employment agency in Luxembourg was 19,918. Over one year, this represents an increase of 3,386 people or 20.5%.

In December 2020, 2,208 residents registered with the ADEM, representing a decrease of 43 people or 1.9% compared to the previous year. This rise in unemployment, observed over one year, was mainly explained by a decline in people going into employment rather than an increase in registrations. In 2020 as a whole, registrations fell by 5% compared to 2019. At the same time, the number of closed files fell by 12%. 

The number of resident job seekers receiving full unemployment benefits increased by 1,788 or 22% over one year, reaching 9,911. The number of beneficiaries of unemployment measures stood at 3,878, which is below the level observed in December 2019 (a decrease of 205 people or 5%).

During the month of December 2020, employers declared 2,275 vacancies to the ADEM, which corresponds to a decrease of 1% compared to December 2019. As of 31 December 2020, the ADEM listed 6,276 vacancies in its database, a decrease of 1.9% over one year. However, these figures mask major sectoral disparities: the number of vacancies in the construction (up 38%), health (up 11%) and financial sectors (up 7%) increased, whilst there were fewer vacancies in the hotel and catering industry (down 53%), commerce (down 26%) and the transport and logistics (down 15%) sector.

The seasonally adjusted unemployment rate, calculated by STATEC, remained stable at 6.4% (up slightly from 6.3% in November 2020).