Employment and work

Unemployment fell again in 2017

Statec and ADEM have just published the latest figures on unemployment for the month of November. What seems clear is that the unemployement rate remains stable at 5.8%It is clear that it remains stable at 5.8%.

27-chomageThe number of jobseekers in the Grand Duchy decreased by 5.3% year on year. As of November 30, 2017, there were 15,876 unemployed jobseekers registered with ADEM. Over a year, this represents a decrease of 896 people. Thus, Statec'sseasonally adjusted unemployment rate is 5.8% and remains stable compared to October.

Fluctuations by age group of jobseekers

The reduction has been most favourable for jobseekers under the age of 30 (-8.2%) and those with few qualifications (-8.0%). The number of the long-term unemployed has decreased by 7.9%. On the other hand, the number of jobseekers aged 50 and over increased by 1.0% over one year and the number of those who attended post-secondary education even increased by 2.8%.

Towards full employment?

Following the legislative changes that took place in August 2017, there were significant variations in professionalisation internships (+85 beneficiaries over one year) and compensated temporary jobs (-117 beneficiaries over one year). During the month of November 2017, employers reported 2,792 vacancies at ADEM, which is 18.4% more than in November 2016.

It is a fact that since 2015 unemployment has been on a downward trend, due in particular to the development of training and greater responsiveness on the part of ADEM. According to some economists, this rate could fall to 5% within 12 months, which would amount to talking about full-employment in the Grand Duchy..

(Source: ADEM press release)

  • Updated 28-12-2017