The unemployment rate remains stable at 6.3%

The number of available resident jobseekers registered with ADEM stood at 19,476 as of February 28, 2021. Compared to January 2021, this represents a decrease of 406 people. Compared to February 2020, this represents an increase of 2,824 people or 17%. The seasonally adjusted unemployment rate, calculated by STATEC, is 6.3%. After a sudden rise in unemployment in March and April 2020 and a decline observed from last May, the unemployment rate has stood at 6.3% since August 2020.

In February 2021, 2,115 residents registered with ADEM, a drop of 77 people or 3.5% compared to February 2020. The rise in unemployment is explained above all by a drop in exits to employment rather than an increase in registrations.

The number of resident jobseekers who benefit from full unemployment benefit increased by 1,811 or 21.8% over one year, to 10,128. The number of beneficiaries of an employment measure stands at 4,176, and is slightly below the level observed in February 2020 (-41 people, or -1.0%).

During the month of February 2021, employers declared 3,014 vacant positions to ADEM, which corresponds to a decrease of 13.6% compared to February 2020. If we compare the month of February 2021 to the three previous months, the number of declared positions is increasing. As of February 28, 2021, ADEM listed 7,397 available positions in its files, which is an increase of around 800 positions compared to January 31, 2021. However, over one year the number of available positions fell by 14.8% .

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