Unemployment in Luxembourg

Luxembourg Unemployment | Economic News & Forecasts

Luxembourg - Unemployment

Upbeat economic sentiment and easy credit conditions are fueling a domestically-driven growth spurt, and expansion through the first half of the year looks set to easily top the Eurozone average. On the heels of a bumper first quarter (Q1: +5.1% year-on-year), surer private-sector metrics suggest momentum persisted into the summer months. Manufacturing and construction have both posted consistently solid outturns, as have recent employment figures. On the other hand, trade tensions have chilled external-sector prospects, and October’s legislative elections—in which another center-right-led coalition is likely to prevail—suggest that some fiscal tightening could be on the horizon next year.

Luxembourg - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate6.8  7.1  6.8  6.4  5.9  

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Luxembourg Unemployment Chart

Luxembourg Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute of Luxembourg.

Luxembourg Facts

Exchange Rate1.160.65 %Oct 16
Stock Market8450.19 %Oct 16

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