Unemployment rate falls to 6.1%.

In order to analyse developments on the labour market, ADEM compares the current data with the data from the previous year. March 2020 was the first month impacted by the pandemic. This should be taken into account when interpreting the following data.

The number of available resident job seekers registered with ADEM is 18,689 as of March 31, 2021. Compared to February 2021, this is a decrease of 787 people. Compared to March 2020, this is an increase of 291 people or 1.6%. The seasonally adjusted unemployment rate calculated by STATEC is 6.1%. After a sudden rise in unemployment in March and April and a decline from May onwards, the unemployment rate stood at 6.3% between August and December 2020.

In March 2021, 2,294 residents registered with ADEM, a decrease of 848 people or 27% compared to March 2020. As a reminder, in March 2020 the high number of registrations was mainly due to temporary workers in the construction sector, which was later completely shut down.

The number of resident jobseekers receiving unemployment benefits rose by 1,279 or 14.1% year-on-year to 10,319. The number of beneficiaries of an employment measure stands at 4,443, well above the level observed in March 2020 (+325 people, or 7.9%). In March 2020 employment measures were at a standstill and after 15 March hardly anyone started a new measure.

In March 2021, employers reported 3,910 vacancies to ADEM, which is an increase of 65.7% compared to March 2020. In March 2020, with the labour market slowing, employers reported only 2,359 vacancies, a decrease of 35% from March 2019.

When compared to the previous three months, the number of reported jobs in March 2021 is up. As of March 31, 2021, ADEM has 8,194 job openings on file, an increase of almost 800 jobs compared to February 28, 2021. Over one year, the number of available positions has increased by 10.9%.

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