Luxembourg Unemployment May 2020


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%.


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Luxembourg Unemployment Chart

Luxembourg Unemployment May 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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