The seasonally adjusted unemployment rate in Luxembourg stood at the eight-month high of 4.9% in October of 2022, unchanged from the previous month’s upwardly revised value. The number of unemployed rose by 336 from the prior month to 15,161, offsetting the 1,549 increase in domestic employment to 506,809. In the meantime, the number of nationals active in the labor force rose by 1,304 to 306,525. source: STATEC, Luxembourg
Unemployment Rate in Luxembourg averaged 3.91 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 December of 2022.
Unemployment Rate in Luxembourg is expected to be 4.90 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 5.50 percent in 2023 and 5.40 percent in 2024, according to our econometric models.