Luxembourg Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Luxembourg is expected to be 2.20 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 2.20 in 12 months time. In the long-term, the Luxembourg Long Term Unemployment Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.


Luxembourg Long Term Unemployment Rate
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Luxembourg Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.6 5.8 5.7 5.6 5.5 5.2
Employed Persons 446411 446213 449418 451545 454116 481432
Unemployed Persons 15369 14984 15539 15899 15648 15631
Long Term Unemployment Rate 1.8 2.2 2.2 2.2 2.2 2.2
Youth Unemployment Rate 13.9 14.51 14.66 14.76 14.82 14.96
Labour Costs 94.69 109 94.82 109 114 110
Wages 5030 5100 5100 5100 5150 5200
Minimum Wages 1999 1999 1999 1999 2050 2100
Population 0.59 0.6 0.6 0.6 0.6 0.63
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages In Manufacturing 96.6 102 110 126 118 117
Labor Force Participation Rate 59.2 59.24 59.55 59.28 59.52 59.38
Productivity 105 103 100 103 101 102
Part Time Employment 51.6 52.08 52.19 52.15 52.16 52.16
Employment Change 1.1 0.75 0.75 0.75 0.75 0.75
Employment Rate 66.3 66.45 66.45 66.45 66.45 66.45
Full Time Employment 217 217 217 217 217 217