The number of registered resident jobseekers in Luxembourg had risen to 16,927 as of 31 October, marking a 15.4% increase, or 2,258 individuals, compared to the same period in 2022, national jobs agency Adem in a press release on Monday 20 November 2023. This increase in jobseekers was evident across all durations of unemployment, with the most significant rises seen among higher education graduates and those under 30 years of age.

Profession-wise, notable increases were observed in several sectors, including construction, financial and real estate, industry, information technology, accounting and business strategy. Concurrently, the unemployment rate as of October, adjusted for seasonal variations and calculated by the national statistics bureau Statec, stood at 5.6%, up from 5.5% in September.

Adem also reported a surge in new jobseeker registrations. In October 2023 alone, 3,183 residents registered with the agency, representing an increase of 386 individuals or 13.8% compared to October 2022. Notably, this figure included 92 registrations from Ukrainian refugees under temporary protection.

There was also a significant rise in the number of resident jobseekers receiving full unemployment benefits, with an increase of 1,979 individuals or 28% over the year, reaching a total of 9,056. However, the number of individuals benefiting from the short-time working scheme remained constant at 4,226, unchanged from October 2022.

On the job availability front, employers reported 3,089 vacant positions to Adem in October 2023, a decrease of 5.9% compared to the previous year. The total number of available positions at the end of October 2023 was 8,571, reflecting a 34.2% decline over the year.

This reduction predominantly affected professions in business consulting, information technology, and construction, stated the press release.