The seasonally adjusted unemployment rate in Luxembourg eased to 4.6% in May of 2022, from 4.7% in the previous month. It as the lowest reading since December of 2008, as the number of unemployed fell by 96 to 14,021, while the national employment increased by 513 to 288,275. At the same time, the active population rose by 417 to 302,296. source: STATEC, Luxembourg
Unemployment Rate in Luxembourg averaged 3.90 percent from 1982 until 2022, 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 June of 2022.
Unemployment Rate in Luxembourg is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 5.10 percent in 2023, according to our econometric models.