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.

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Luxembourg Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-20 10:00 AM Sep 4.8% 4.8% 4.8%
2022-11-21 11:00 AM Oct 4.9% 4.9% 4.8%
2022-12-20 11:00 AM Nov 4.9% 4.9%


Related Last Previous Unit Reference
Unemployment Rate 4.90 4.90 percent Oct 2022
Employed Persons 509651.00 505670.00 Oct 2022
Unemployed Persons 14669.00 14133.00 Oct 2022
Labour Costs 107.07 129.34 points Sep 2022
Job Vacancies 4130.00 3231.00 Thousand Jan 2015
Population 0.63 0.63 Million Dec 2021
Wages in Manufacturing 107.50 107.50 points Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.90 4.90 7.20 1.40 1982 - 2022 percent Monthly
SA

News Stream
Luxembourg Jobless Rate Unchanged at 8-Month High
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.
2022-11-21
Luxembourg Jobless Rate Steady at 6-Month High
The seasonally adjusted unemployment rate in Luxembourg stood at a six-month high of 4.8% in September of 2022, unchanged from the previous month. The number of unemployed increased by 202 to 14,758, while national employment went up by 615 to 290.351. At the same time, the active population rose by 817 to 305,109.
2022-10-20
Luxembourg Jobless Rate Rises to 6-Month High
The seasonally adjusted unemployment rate in Luxembourg edged up to 4.8% in August of 2022, the highest since February, from 4.7% in the previous month. The number of unemployed increased by 220 to 14,483, while the national employment increased by 540 to 289,844. At the same time, the active population rose by 761 to 304,328.
2022-09-20