The number of available resident jobseekers registered with ADEM stood at 17,971 as of October 31, 2020. Compared to September 2020, this represents an increase of 96 people (0.5%). Over one year, the number of jobseekers has increased by 2,935 people or 19.5%. The seasonally adjusted unemployment rate calculated by STATEC stands at 6.3%, at the same level as the previous month. After a sudden rise in unemployment in March and April and a decline observed from May, the situation is stable for the moment.
In October 2020, 2,712 residents registered with ADEM, a decrease of 324 people or 10.7% compared to October 2019. The rise in unemployment, observed over one year, is mainly due to a drop in exits to employment rather than an increase in registrations. Indeed, in the course of the last seven months, registrations of resident jobseekers fell by 4% compared to the same period last year. Simultanously, the number of closed files fell by 17% within one year. Even if a file closure does not necessarily correspond to a resumption of employment, the correlation is very strong.
The number of resident jobseekers receiving full unemployment benefit rose by 1,991 or 26.2% within one year to now 9,596 beneficiaries.
The number of beneficiaries of an employment measure stands at 4,067, and is below the level observed in October 2019 (-253 persons or -5.9%).
During the month of October 2020, employers declared 2,968 vacant positions to ADEM, which corresponds to a decrease of 8.5% compared to October 2019.