The unemployment rate is 4.9%

The number of available resident jobseekers registered with ADEM at 31 March 2023 was 15,332, an increase of 756 people (or 5.2%) compared to March 2022. This number of jobseekers is up for all registration durations except for those whose registration duration is greater than 12 months.

Compared to last month, the number of resident jobseekers is down by 318 persons (- 2.0%).

The seasonally adjusted unemployment rate calculated by STATEC was 4.9%, slightly higher than in the previous month (4.8%).

The number of new jobseeker registrations is on the rise. In fact, 2,526 residents registered with ADEM in March 2023, an increase of 132 people or 5.5% compared to March 2022. It should be noted that this month's new registrations include 82 registrations of beneficiaries of temporary protection (refugees from Ukraine).

The number of resident jobseekers receiving full unemployment benefit rose by 931 people or 11.8% year-on-year to 8,838. The number of people participating in an employment measure stands at 4,265 and is below the level observed in March 2022 (-160 people, or -3.6%).

During March 2023, employers reported 3,938 vacancies to ADEM, a decrease of 25.2% compared to March 2022. This year-over-year drop should be put into perspective, as March 2022 was an exceptional month in terms of reported vacancies. Compared to the previous month (3,389), the number of jobs reported is up.

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