Number of job seekers on the rise at 16,565 and unemployment rate at 5.5%

The number of available resident job seekers registered with ADEM stood at 16,565 on September 30, 2023, an increase of 2,432 people (or 17.2%) compared to September 2022.

This number of job seekers has risen for all durations of unemployment. Highly qualified job seekers (university graduates) and individuals under 30 years old are experiencing the largest increases. In terms of professions, the most significant upward variations are seen in secretarial and administrative roles, culinary production and restaurant services, accounting and management, as well as structural and finishing construction work. The seasonally adjusted unemployment rate, calculated by STATEC, stands at 5.5%.

The number of new registrations for job seekers is on the rise. In fact, 3,141 residents registered with ADEM in September 2023, representing an increase of 189 people or 6.4% compared to September 2022. It is worth noting that the new registrations for this month include 67 registrations from beneficiaries of temporary protection (refugees from Ukraine).

The number of resident job seekers receiving full unemployment benefits has increased by 1,765 people or 25.2% over the year, reaching 8,764. The number of individuals benefiting from an employment measure stands at 3,949, which is below the level observed in September 2022 (a decrease of 184 people or -4.5%).

In September 2023, employers reported 3,109 job vacancies to ADEM, which corresponds to a 14.4% decrease compared to September 2022. This decline in the number of reported positions particularly affects the manufacturing industry, information and communication, financial and insurance activities, specialized scientific and technical services, as well as administrative and support services. Among other things, temporary agencies fall into this latter category. The number of available positions stands at 8,966 as of September 30, 2023. This represents a decrease of 32.7% compared to the previous year.

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