POLITICS & INSTITUTIONS - INSTITUTIONS

Jobseekers

Unemployment rates are steadily falling



The Employment Development Agency (Adem) had 15,641  resident jobseekers  available in its database on 30 September.  (Photo: Matic Zorman/Maison Moderne)

The Employment Development Agency (Adem) had 15,641 resident jobseekers available in its database on 30 September.  (Photo: Matic Zorman/Maison Moderne)

On 30 September, Adem had 15,641 registered resident jobseekers, 482 fewer than in August, and a decrease of 2,234 in comparison with September 2020.

Unemployment continues to fall in Luxembourg with 2,234 less registered jobseekers last month compared to September 2020 representing a drop of 12.5%, over one year.

With an unemployment rate of 5.5%, the Luxembourg labour market continues to remain dynamic and displays an unemployment rate very close to its pre-crisis level, namely 5.4% in February 2020.

Among the key numbers revealed, 8,046 resident jobseekers are women against 7,595 men. 2,940 resident jobseekers are under 30 (-22% in one year) and 5,871 jobseekers are between 30 and 44 (-14.1% in one year). Finally, 6,830 people are aged 45 and over (-6% in one year).

However, Adem's biggest concern remains long-term unemployment. “The number of jobseekers who have been registered for at least 12 months continues to grow. More than half (52%) of the available resident jobseekers are concerned by long-term unemployment,” says Adem in its monthly communication. In concrete terms, 8,119 resident jobseekers have been looking for work for 12 months or more.

On the employers' side, companies declared 4,299 vacancies to Adem, which corresponds to an increase of 38.1% compared to September 2020. The upward trend seen over the last six months has therefore continued, so that the number of available positions has exceeded the 10,000 mark for the first time, reaching 10,708, an increase of 60.1% over one year.

The main sectors currently seeking candidates are accounting and auditing (1,576), construction and crafts (1,489), information and communication technologies (956), banking and finance (772) and hotels and restaurants (748).

Finally, domestic employment rose by 3.2% over the year to 489,518 jobs. Last month, national employment stood at 282,224 jobs, a growth of 2.3%.

This story was first published in French on Paperjam. It has been translated and edited for Delano.