More than 16,000 job seekers and a stable unemployment rate at 5.2%

The number of available registered resident jobseekers at ADEM stood at 16,111 on July 31, 2023, an increase of 1,852 individuals (or 13%) compared to July 2022.

This number of jobseekers has risen for all durations of unemployment except for individuals whose registration period exceeds 12 months. The most qualified jobseekers (higher education graduates) as well as individuals under 30 years old experience the most significant increases. In terms of professions, the most significant upward variations concern secretarial and administrative assistance, culinary production and restaurant services, accounting and management, and both general construction and finishing works. These same professions have shown an increase (compared to the previous year) in the last three months.

The seasonally adjusted unemployment rate, calculated by STATEC, stands at 5.2%, the same value as the previous month.

The number of new jobseeker registrations is on the rise. Indeed, 2,549 residents registered with ADEM during July 2023, representing an increase of 298 individuals or 13.2% compared to July 2022. It's worth noting that this month's new registrations include 86 registrations from beneficiaries of temporary protection (refugees from Ukraine).

The number of resident jobseekers receiving unemployment benefits increased by 1,483 individuals or 21.1% over the course of a year, reaching 8,515. The number of participants in an employment measure stands at 4,074 and is below the level observed in July 2022 (-147 individuals or -3.5%).

In the month of July 2023, employers declared 3,289 vacant positions to ADEM, representing a decrease of 17% compared to July 2022. This decline in the number of reported positions concerns nearly all sectors of activity, but it mainly impacts the accommodation and restaurant sectors, information and communication, financial and insurance activities, as well as administrative and support services. It is in this latter sector that temporary agencies, among others, are counted, and they are very active in construction professions (42% of temporary contracts involve these professions).

The number of available positions stands at 9,513 as of July 31, 2023. The decrease over the year is 27%.

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