The number of jobseekers stabilises

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.

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