Luxembourg: Unemployment rate stable in April
May 21, 2019
In April, the number of unemployed workers stood at 15,453, down 1.4% from March’s result. In turn, the seasonally-adjusted unemployment rate remained stable at 5.4% in April compared to the previous month. According to the Agency for Employment Development (ADEM), the rise in unemployment since the start of the year largely reflects new registrations in the social inclusion income program following the introduction of a new law. Meanwhile, April’s unemployment rate was below that of the same month last year (April 2018: 5.6%).FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 5.1% this year, which is unchanged from the previous month’s projection. For 2020, the panel sees the unemployment rate averaging 5.0%.
Author: Nicolás J. Aguilar, Economist