Luxembourg Unemployment Rate  Forecast


Luxembourg Unemployment Rate
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Unemployment Rate in Luxembourg is expected to be 5.80 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 5.60 in 12 months time. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.


Luxembourg Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.8 5.8 5.8 5.7 5.6 5.2
Employed Persons 441364 439604 439656 439586 439533 439096
Unemployed Persons 15876 15817 15748 15681 15615 15102
Long Term Unemployment Rate 2.4 2.27 2.24 2.23 2.23 2.17
Youth Unemployment Rate 14.4 13.98 13.8 13.67 13.55 12.85
Labour Costs 102 109 110 111 111 111
Wages 4212 4218 4244 4269 4294 4403
Minimum Wages 1999 2028 2051 2055 2056 2098
Population 0.59 0.6 0.6 0.6 0.6 0.63
Retirement Age Women 65 64 64 64 64 64
Retirement Age Men 65 64 64 64 64 64
Labor Force Participation Rate 58.7 58.79 58.77 58.75 58.71 58.48
Productivity 99.6 102 103 101 102 101
Part Time Employment 52.4 52.99 52.4 52.73 52.21 52.14
Wages In Manufacturing 103 104 104 104 104 104
Employment Change 0.9 0.79 0.82 0.79 0.81 0.8
Employment Rate 65.9 65.69 65.68 65.61 65.58 65.29
Full Time Employment 215 213 213 213 213 212