The number of jobseekers continues to decline

The number of resident jobseekers registered with ADEM stood at 18,525 as of August 31, 2020. Compared to July 2020, this represents a decrease of 1,232 people (-6.2%) and compared to April 2020 a decrease of 1,728 people (-8.5%). However, over one year, this represents an increase of 20.5%. The unemployment rate, adjusted for seasonal variations, calculated by STATEC, stands at 6.4%.

Between April and July 2020, the rise in unemployment was mainly explained by a decline in exits to employment rather than an increase in registrations. During these four months, registrations of resident jobseekers fell by 18% compared to the same period last year. In August, this trend reversed. Indeed, ADEM opened files for 2,332 resident jobseeker, which is an increase of 163 people or 7.5% compared to August 2019. This increase is explained by an increase in layoffs and termination of contracts, as well as by an increase in the registration of young people under 25, looking for a first job.

The number of resident job seekers receiving full unemployment benefit rose up to 2,209 people, which is an increase of  29.6%  withing one year, but it fell back below the 10,000-person mark.

The number of beneficiaries of an employment measure stands at 3,883, and is slightly below the level observed in August 2019 (-41 people or -1.0%).

During the month of August 2020, employers reported 2,259 vacancies to ADEM, which is a decrease of 12.6% compared to August 2019.

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