The seasonally adjusted unemployment rate in Luxembourg jumped to 6.9 percent in April 2020 from 6.1 percent in the previous month. It was the highest jobless rate since February 2015, amid the coronavirus crisis. The number of unemployed people increased by 2,497 to 20,361. The national employment fell by 338 to 273,512 and the domestic one, including residents and non-residents, decreased by 552 to 466,757. The active population increased by 2,159 to 293,873.
Unemployment Rate in Luxembourg averaged 3.79 percent from 1982 until 2020, 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 2020.
Unemployment Rate in Luxembourg is expected to be 6.50 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 7.70 in 12 months time. In the long-term, the Luxembourg Unemployment Rate is projected to trend around 6.80 percent in 2021 and 6.10 percent in 2022, according to our econometric models.