Luxembourg Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Luxembourg is expected to be 1.97 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Luxembourg to stand at 1.96 in 12 months time. In the long-term, the Luxembourg Long Term Unemployment Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.


Luxembourg Long Term Unemployment Rate
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Luxembourg Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.6 5.7 5.6 5.5 5.5 5.2
Employed Persons 446838 449705 451905 454524 456999 482007
Unemployed Persons 14808 15159 15712 15446 15228 15376
Long Term Unemployment Rate 1.5 1.97 2.02 2.04 1.96 2
Youth Unemployment Rate 14.2 14.35 14.4 14.42 14.43 14.44
Labour Costs 99.37 103 102 102 102 102
Wages 5301 5100 5100 5150 5499 5200
Minimum Wages 1999 1999 1999 2050 2009 2100
Population 0.6 0.6 0.6 0.61 0.61 0.62
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages In Manufacturing 105 103 104 104 104 104
Labor Force Participation Rate 59.9 59.25 59.27 59.29 59.27 59.28
Productivity 99.7 98.95 103 99.19 101 101
Part Time Employment 50.9 54.64 54.22 55.64 55.86 60.39
Employment Change 1 0.82 0.86 0.83 0.85 0.8
Employment Rate 67.2 67.04 66.86 67.01 66.9 66.94
Full Time Employment 226 221 222 223 224 234