Economy: Despite Luxembourg’s unemployment rate remaining flat in October, there were more people working in the Grand Duchy since any time in more than a decade, figures released by the economy ministry on Thursday revealed.
There were more than 14,852 resident job-seekers in October, or a seasonally adjusted unemployment rate of six percent, a figure that has more or less stayed the same since September 2009.
The ministry said state employment agency ADEM had more than 2,000 open job postings in October, slightly more than in October 2010, and that it had authorised short-time work subsidies for nearly 2,500 positions.
One bright spot in the statistics: the total number of people working in the Grand Duchy rose to 380,262. That figure is up from 378,382 in September 2011 and 368,473 in October 2010. It also is the highest number of jobs recorded in government-provided statistics going back to January 2000.
In addition, there were a record number of cross-border commuters (157,745) working in Luxembourg.
The ministry said the final numbers may be revised once the data are further analysed.