Luxembourg Unemployment October 2020

Luxembourg

Luxembourg: Unemployment rate stable in October

November 20, 2020

In October, the number of unemployed workers came in at 17,971, which was up 0.5% from September’s result of 17,875. Meanwhile, the seasonally-adjusted unemployment rate was stable at September’s 6.3% in October, pointing to a continued stabilization in the labor market.

FocusEconomics Consensus Forecast panelists project the unemployment rate to average 6.4% in 2021, which is down 0.4 percentage points from last month’s forecast, and 5.7% in 2022.


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Luxembourg Unemployment Chart


Luxembourg Unemployment October 20 20

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


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