Credit: STATEC
According to the ADEM employment agency, unemployment in Luxembourg has decreased for the first time since August 2020; as of 31 March 2021, the unemployment rate stood at 6.1%.
At the end of March 2021, the number of available resident jobseekers registered with the ADEM was 18,689, i.e. 787 fewer people than in the previous month. Compared to March 2020, which was the first month to be impacted by the COVID-19 pandemic, this represents an increase of 291 people or 1.6%.
After a sudden rise in unemployment in March and April and a decline observed from May last year, the unemployment rate remained stable at 6.3% between August and December 2020.
In March 2021, 2,294 residents registered with the ADEM, a decrease of 848 people or 27% compared to March 2020. The high numer of registrations in March last year was mainly due to temporary workers in the construction industry, a sector which was completely at a standstill at this time.
The number of resident jobseekers receiving full unemployment benefits increased by 1,279 or 14.1% over one year to reach 10,319. The number of beneficiaries of unemployment measures stood at 4,443, which is well above the level observed in March 2020 (an increase of 325 people or 7.9%).
During the month of March 2021, employers declared 3,910 job vacancies to the ADEM, which corresponds to a decrease of 65.7% compared to March 2020. In March last year, with the labour market slowing down, employers declared a total of 2,359 vacancies, i.e. 35% fewer posts than the year before.
Compared to the previous three months, the number of declared vacancies increased in March 2021. As of 31 March 2021, the ADEM listed 8,194 vacancies in its database, an increase of approximately 800 positions compared to 28 February 2021. Over one year, the number of available positions increased by 10.9%.
The seasonally adjusted unemployment rate, calculated by STATEC, now stands at 6.1%.
