Luxembourg: Unemployment stable in May
June 22, 2020
In May, the number of unemployed workers came in at 20,209, which was down 0.2% from April’s result. Meanwhile, the seasonally-adjusted unemployment rate was stable at 7.0%, matching April’s reading which had marked the highest print since November 2014.FocusEconomics Consensus Forecast panelists project the unemployment rate to average 6.9% in 2020. For 2021, the panel sees the unemployment rate averaging 6.3%.