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.