The seasonally adjusted unemployment rate in Luxembourg edged down to 5.2 percent in November 2018 from 5.3 percent in the prior month, hitting its lowest level since March 2009. The number of unemployed persons decreased by 347 to 14,564 and employed people rose by 1,240 to 453,958. Meantime, active population went up by 140 to 280,809. A year ago, the jobless rate was higher at 5.7 percent. Unemployment Rate in Luxembourg averaged 3.74 percent from 1982 until 2018, 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.
Unemployment Rate in Luxembourg is expected to be 5.30 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 5.10 in 12 months time. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.