Luxembourg Unemployment October 2021

Luxembourg

Luxembourg: Unemployment rate returns to pre-pandemic level in October

November 22, 2021

The number of unemployed workers came in at 15,417 in October, which was down 1.4% from September’s result of 15,641. Meanwhile, the seasonally-adjusted unemployment rate came in at 5.4% in October, slightly down from September’s 5.5%. The labor market consequently returned to its pre-pandemic tightness.

FocusEconomics Consensus Forecast panelists project the unemployment rate to average 5.6% in 2022 and 5.5% in 2023.


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Luxembourg Unemployment Chart


Luxembourg Unemployment October 2021

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


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