The unemployment rate stands at 5.2%

The number of available resident jobseekers registered with ADEM was 16,403 as on 31 December 2021. Compared to December 2020, this represents a decrease of 3,515 people or 17.6%. The seasonally adjusted unemployment rate calculated by STATEC now stands at 5.2%, i.e. at the level it was at the beginning of 2019.

The figures are down for all categories of jobseekers, including those who have been registered for more than 12 months. Nevertheless, the long-term unemployed still represent half of all available jobseekers.

Despite a slight increase in December 2021, the number of new registrations remains relatively low. Indeed, 2,260 residents registered with ADEM, a decrease of 53 people or 2.4% compared to December 2020. Thus, the number of registrations is around the level seen in 2018.

The number of resident jobseekers receiving full unemployment benefit fell by 2,089 or 20.2% year-on-year to 8,269. The number of beneficiaries of an employment measure stands at 4,225 and is above the level observed in December 2020 (+347 persons, or 8.9%).

During December 2021, employers reported 3,258 job vacancies to ADEM. This brings the total number of reported vacancies for the entire year to 42,745, a new record. The number of available positions as of December 31, 2021 is 10,221. The increase over one year is 62.9%.

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