Luxembourg Unemployment July 2019

Luxembourg

Luxembourg: Unemployment stable in July

August 20, 2019

In July, the number of unemployed workers stood at 15,668, up 4.2% from June’s result, while the seasonally-adjusted unemployment rate remained stable at 5.5% from the previous months, to match that of the same month last year.

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 new legislation.

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 again also sees the unemployment rate averaging 5.0%.


Author:, Economist

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Luxembourg Unemployment Chart


Luxembourg Unemployment July 2019

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


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