Steady 5.6% Unemployment Rate Persists in Luxembourg
Luxembourg’s Employment Agency, ADEM, reported a considerable increase in jobseekers at the end of March 2024. A total of 17,654 residents were available for work, an increase of 15.1% compared to February. The unemployment rate, however, remained constant at 5.6%. The surge affected all unemployment durations, especially among highly qualified individuals such as university graduates and people aged 45 and over. Specific professions, including those in construction, industry, finance, real estate, secretarial assistance, accounting and IT, saw sizeable variations. New jobseeker registrations also jumped in March 2024, with 62 individuals registering who were beneficiaries of temporary protection. The number of those receiving full unemployment benefits also increased by 24.5% over the year. In contrast, vacancies reported by employers in March 2024 dipped by 20.4% from the previous year’s statistics.
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