Unemployment Rate in Luxembourg decreased to 6.30 percent in September from 6.40 percent in August of 2020.

Unemployment Rate in Luxembourg averaged 3.83 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 October of 2020.

Unemployment Rate in Luxembourg is expected to be 7.50 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 7.30 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.

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Luxembourg Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.30 6.40 7.20 1.40 1982 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-20 09:00 AM Jun 7% 7% 7.2%
2020-08-20 09:00 AM Jul 6.6% 6.9% 7.2%
2020-09-21 10:00 AM Aug 6.4% 6.6% 6.7%
2020-10-20 10:00 AM Sep 6.3% 6.4% 6.7%
2020-11-20 10:00 AM Oct 6.3% 7%
2020-12-21 10:00 AM Nov 7.3%


News Stream
Luxembourg Jobless Rate Drops to 5-Month Low of 6.4%
The seasonally adjusted unemployment rate in Luxembourg decreased to 6.4 percent in August of 2020 from 6.6 percent in the previous month. It was the lowest jobless rate since March, as the number of unemployed people went down by 695 to 18,959. The national employment rose by 151 to 277,005 and the domestic one, including residents and non-residents, increased by 1,737 to 475,634. Meantime, the active population dropped by 544 to 295,964.
2020-09-21
Luxembourg Jobless Rate Falls to 6.6% in July
The seasonally adjusted unemployment rate in Luxembourg fell to 6.6 percent in July 2020 from a downwardly revised 6.9 percent in the previous month. Still, it remained the highest since 2015 amid the coronavirus crisis. The number of unemployed people went down by 680 to 19,654. The national employment rose by 418 to 276,854 and the domestic one, including residents and non-residents, increased by 1,526 to 473,897. Meantime, the active population dropped by 263 to 296,508.
2020-08-20
Luxembourg Jobless Rate Steady at 7% in June
The seasonally adjusted unemployment rate in Luxembourg was at 7 percent in June 2020, the same as in the previous month. It remained the highest jobless rate since January 2015, amid the coronavirus crisis. The number of unemployed people rose by 30 to 20,715. The national employment increased by 294 to 275,984 and the domestic one, including residents and non-residents, went up by 596 to 470,787. The active population advanced by 325 to 296,700.
2020-07-20
Luxembourg Jobless Rate Rises to Over 5-Year High
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.
2020-05-20

Luxembourg Unemployment Rate
In Luxembourg, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.