Luxembourg Unemployed Persons - Forecast

Unemployed Persons in Luxembourg is expected to be 15627.65 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Luxembourg to stand at 15382.99 in 12 months time. In the long-term, the Luxembourg Unemployed Persons is projected to trend around 15388.45 in 2020, according to our econometric models.


Forecast Data Chart
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Luxembourg Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.5 5.6 5.5 5.5 5.4 5.2
Employed Persons 447430 451831 454462 456779 459385 481953
Unemployed Persons 14936 15628 15417 15292 15383 15388
Long Term Unemployment Rate 1.5 1.62 1.63 1.67 1.62 1.64
Youth Unemployment Rate 13.5 13.33 13.29 13.27 13.26 13.26
Labour Costs 97.39 99.87 99.88 99.98 99.97 99.96
Wages 5301 5100 5150 5499 5525 5200
Minimum Wages 1999 1999 2050 2050 2050 2100
Population 0.6 0.6 0.61 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 100 103 104 103 103 103
Labor Force Participation Rate 59.9 59.77 59.74 59.73 59.75 59.74
Productivity 99 102 98.4 99.1 97.86 100
Part Time Employment 50.9 53.7 53.49 54.4 54.94 58.94
Employment Change 1 0.88 0.85 0.86 0.84 0.81
Employment Rate 66.2 66.36 66.6 66.41 66.54 66.48
Full Time Employment 226 227 229 231 232 244