Unemployment rate falls to 5.7%

The number of available resident jobseekers registered with ADEM stood at 17,340 on 31 May 2021. Compared to April 2021, this is a decrease of 909 people. Compared to May 2020, this is a decrease of 2,869 people or 14.2%. In May 2020 the labour market was heavily impacted by the health crisis, with a 33.6% annual increase in jobseekers. The current decrease can therefore be seen as a backlash. The seasonally adjusted unemployment rate calculated by STATEC is 5.9% and thus continues to fall compared to previous months.

In May 2021, 1,881 residents registered with ADEM, an increase of 206 people or 12.3% compared to May 2020. In May 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 1058 or 10.4% year-on-year to 9,073. The number of people receiving a measure stood at 4,562, well above the level observed in May 2020 (+733 people, or 19.1%). In May 2020, as a result of the containment and the new sanitary rules, some employment measures were stopped and hardly anyone started a new measure.

During May 2021, employers reported 3,961 vacancies to ADEM, an increase of 73.9% compared to May 2020. As of May 31, 2021, ADEM has 8,865 job openings on file. Over one year, the number of available positions has increased by 56.4%. The indicators for job offers are once again at, or even above, the levels prior to the health crisis. A recovery is emerging in the HORECA trades: 365 jobs were declared during the month of May, as many as in May 2019, and the total number of available jobs in this sector stands at 537 as of 31 May 2021.

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