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    An unemployment rate rising to 6.5%, despite sustained momentum in terms of reported job vacancies - Statistics Portal
    Luxembourg

    An unemployment rate rising to 6.5%, despite sustained momentum in terms of reported job vacancies – Statistics Portal

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    1. Tamberlox on

      So “highly skilled” as well as young adults are struggling in the current job market. Not too surprising with how specialised our economy is, though it is worrying that those coming off their education are struggling to find jobs.

      Personally I don’t know what a country as small as Luxembourg could do; I wonder whether diversifying the economy would benefit us with how small our population is. If we do diversify, would we even be able to provide a competitive market compared to nearby countries? I’m not so sure

    3. brainwashed1360 on

      unemployed for 6 months now despite being highly skilled with 5+ years of experience and 6 languages… extremely confused..

    4. Generic-Resource on

      I’ve seen adem from both sides, and for both it’s a shit-show. It’s supposedly necessary for employers to post jobs through them first, and they occasionally contact businesses who don’t and try to force them to.

      Unfortunately, even when they do have job postings they send the most unqualified candidates – we had a senior full stack position open with them and they sent people who’d been on a 3 week intro to web development course.

      If the adem could become trusted to link people to jobs and provide a decent pre-vetting service (like I’ve heard they did in the past) then I’m sure the employment rate would improve as they hire more locals.

    5. poedy78 on

      The 11.5% YoY looks more scary to me.
      At that rate it can get ugly in the short term

      While i admit that my sole experience with ADEM was not really exceptional – found a job on my own before any assignment – and that there are ‘problems’ within the administration, one also has to take into account that maybe Luxembourg has misguided its future adults regarding education and job ‘security’.

      With 6.7k vacant positions vs 21k seekers, the problem is structural.

      And accounting for that Lux is mostly a back office with easy to outsource or automate processes….