Unemployment rate falls to 5.7%

The number of available resident jobseekers registered with ADEM stood at 16,402 on 30 June 2021. Compared to June 2020, this is a decrease of 3,474 or 17.5%. In June 2020 the labour market was still heavily impacted by the aftermath of the health crisis and containment, with an annual increase of 32.2% in jobseekers. The current decline can therefore be seen as a backlash. The seasonally adjusted unemployment rate calculated by STATEC now stands at 5.7% and thus continues to fall compared to previous months.

In June 2021, 1,969 residents registered with ADEM, an increase of 72 people or 3.8% compared to June 2020. In June 2020 the number of registrations was relatively low, due to the massive use of short-time work.

The number of resident jobseekers receiving full unemployment benefit fell by 1,868 or 18.2% year-on-year to 8,368. The number of people receiving a measure stands at 4,597, well above the level observed in June 2020 (+653 people, or 16.6%). In June 2020, as a result of the containment and the new sanitary rules, some employment measures were still at a standstill and activity was recovering only timidly.

During June 2021, employers reported 3,961 vacancies to ADEM, an increase of 31.6% compared to June 2020. As of June 30, 2021, ADEM had 9,735 job openings on file. Over one year, the number of available positions has increased by 47.8%. The indicators on job vacancies are back to, or even above, the levels before the health crisis.

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