The seasonally adjusted unemployment rate in Luxembourg was 6.3 percent in February 2021, the same as in the previous month. It remained the lowest jobless rate since March last year, as the number of unemployed people went down by 385 to 18,697 while the national employment decreased by 3,516 to 279,267. Meantime, the active population went down by 3,901 to 297,964. source: STATEC, Luxembourg
Unemployment Rate in Luxembourg averaged 3.86 percent from 1982 until 2021, reaching an all time high of 7.20 percent in May of 2014 and a record low of 1.40 percent in March of 1991. This page provides the latest reported value for - Luxembourg Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Unemployment Rate in Luxembourg is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Luxembourg to stand at 6.60 in 12 months time. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 6.10 percent in 2022 and 5.60 percent in 2023, according to our econometric models.