Luxembourg Unemployment August 2021

Luxembourg

Luxembourg: Unemployment rate drops to 18-month low in June

September 20, 2021

In August, the number of unemployed workers came in at 16,123, which was up 4.4% from July’s result of 15,439. Meanwhile, the seasonally-adjusted unemployment rate came in at 5.5% in August, down from July’s 5.6% and the lowest reading since February 2020.

FocusEconomics Consensus Forecast panelists project the unemployment rate to average 6.2% in 2021, which is down 0.1 percentage points from last month’s forecast, and 5.8% in 2022.


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Luxembourg Unemployment August 2021

Note: Month-on-month variation of unemployed people in thousands and unemployment rate in %.
Source: Luxembourg Statistical Institute (STATEC).


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