The unemployment rate in Luxembourg came in at 5.3 percent in October 2019, unchanged from the previous month, as the number of unemployed people rose by 89 to 15,300. Meanwhile, the national employment increased by 487 to 273,207 and the domestic employment, including residents and non-residents, went up 1,232 to 468,490. The active population rose 577 to 288,508. Unemployment Rate in Luxembourg averaged 3.77 percent from 1982 until 2019, 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.