The 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)