Unemployment grew between 2004 and 2014. The downward trend that started in 2015 continued in 2016, 2017 and 2018. Even though more than 87 070 net paid jobs were created over the 2009-2018 period, very few of these additional vacancies were filled from the local market.
Job creation from 2012 to 2018 had an impact on the unemployment rate. The latter rose from mid-2011, a trend that continued in 2012 and 2013, and until July 2014. However, since August 2014, the unemployment rate has fallen significantly, passing below the 7 % barrier in March 2015 and reaching 6.0 % in March 2017, 5.7 % in March 2018 and 5.1% in January 2019.
Despite the upturn that started in 2010-2011 and the slight increases from 2012 to 2015, the growth in paid employment still remains below its historical average (+5.3 % in March 2008, year on year). The slowdown in employment observed in 2012 and 2013 was also felt in 2014. Domestic employment rose by 2.5 % in 2014 and 2015, and by 2.9 % in March 2016. In March 2017, there was a 3.6 % rise (year on year) and in March 2018 there was a 3.7% rise.
With +5.9% year-over-year growth, business services continued to make the strongest contribution to employment growth in the spring 2018, led by accounting activities, agency work an clean-up activities. They are followed by construction (+4.0%), health and social services (+3.6%) and financial and insurance activities (2.9%). The dynamics in the financial sector are widespread. It comes both from the management of investment and pension funds (+6.7% in the 2nd quarter) and financial companies (Soparfi, +11.2%).
The growth of employment continues to negatively affect unemployment. The unemployment rate continues a steady downward trend since mid 2014 (when the rate had risen to more than 7%) and reached 5.1% of the labour force in January 2019.
(Note de conjoncture du Statec (Source : Statec NDC 02 – novembre 2018 pp 31-36).
Complimentary information on the labour market can be found on the following websites:
www.statistiques.public.lu: the Luxembourg statistics portal
ADEM: www.adem.public.lu: the official site of the Luxembourg Employment Agency
Some financial consultancy companies (e.g. BDO) recruiting on behalf of their clients also publish vacancy notices.
Websites of associations that represent various economic sectors and publish the contact details of member companies (see unsolicited job applications):
Hotels and restaurants/HORESCA: www.horesca.lu/fr/jobs-list
(vacancies advertised on this site)
Finance – The Luxembourg Bankers’ Association (ABBL): www.abbl.lu
Crafts and manual trades – Fédération des Artisans: www.fda.lu
Industry and business services – FEDIL Business Federation Luxembourg: www.fedil.lu
Wholesale and retail trade and transport – CLC: www.clc.lu
Temporary work – Fedil Employment Services, established in 1994 as ‘Union Luxembourgeoise des Entreprises de Travail Intérimaire’ (Luxembourg Association of Temporary Employment Agencies, ULEDI), is the umbrella organisation for temporary employment agencies based in the Grand Duchy of Luxembourg: www.fes.lu/fes
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The Luxembourg economy created 81 070 net additional jobs in paid employment between 31st of March 2009 and 31st March 2018, i.e. an increase of 25.9 %.
The sectors that saw the strongest growth between March 2009 and March 2018 were: health and social services: +13 090 jobs, professional, scientific and technical activities: +12 920 jobs, administrative and support services: +10 000 jobs, wholesale and retail trade: +8 670 jobs, construction: +6 860 jobs, hotels and restaurants: +5 990 jobs.
Between March 2009 and March 2010, a period of economic crisis, the number of paid employees rose by just 3 550 (+1.1 %). Some sectors, such as manufacturing, transport and storage, information and communication and financial and insurance activities, even recorded a drop in the number of paid employees of around 2 % on average. The number of paid jobs increased by 9 870 (+2.9 %) between March 2010 and March 2011, by 9 450 (+2.7 %) between March 2011 and March 2012, by 5 260 (+1.5 %) between March 2012 and March 2013, by 9 100 (+2.5 %) between March 2013 and March 2014, by 9 310 (+2.5 %) between March 2014 and March 2015, by 11 150 (+2.9 %) between March 2015 and March 2016, by 14 280 (+3.6 %) between March 2016 and March 2017 and by 15 110 (+3,7%) between March 2017 and March 2018.
Thanks to the upturn that began in 2010-2011 and the increases in employment recorded from 2012 to 2018, there is real scope for recruitment in the sectors that employ a large number of cross-border commuters and foreign residents. Foremost amongst these sectors are health and social services, professional, scientific and technical activities, administrative and support services, wholesale and retail trade, hotels and restaurants, and construction.
Specific information on the skills and qualifications sought in some sectors is available at www.fedil.lu/fr/publications/publications/, from which various brochures (in French) can be downloaded concerning:
CANDIDATES ARE KINDLY INVITED TO SEND THEIR APPLICATIONS TO:
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As at 1st of January 2018, Luxembourg had 602 005 inhabitants, including 288 234 foreign nationals. Among the latter, the most numerous are the Portuguese (96 544), French (45 822), Italians (21 962) and Belgians (20 212). There were 43 834 foreign nationals from countries outside the EU.
As at 31st of October 2018, the employment situation was as follows:
Over the past 12 months, total employment has risen by 3.7 %. Cross-border employment has risen by 4.5 %. (Source: IGSS/CCSS employment scoreboard)
In January 2019, the unemployment rate (seasonally adjusted) was 5.1 %, down 0.6% from January 2018.
The slowdown in employment growth that started in mid-2008 continued into 2009, a year in which employment stagnated. 2010 saw an upturn, the rate varied and on 1st of December 2010 it was up by 2.9 % on an annual basis. Total annual employment growth, which is measured in December of each year, was at 3.3 % in 2011, 2.1 % in 2012, 1.7 % in 2013, 2.4 % in 2014, 2.7 % in 2015 and 3.5 % in 2016. In December 2017, total annual employment growth was at 3.7 % and in October 2018 3.7%. (Source: IGSS/CCSS employment scoreboard) The moderate economic growth in recent years is reflected in the limited number of new jobs being created.
As at 1st January 2018, the largest employers (excluding public sector jobs in the national civil service and in Luxembourg-City) were, in descending order: 1. POST Luxembourg Group (4 480 employees), 2. The CFL Group (Société Nationale des Chemins de Fer Luxembourgeois, Luxembourg National Rail Company) Group: 4 260), 3. The Cactus Group (retail trade: 4 200), 4. ArcelorMittal Group (steel-making: 4 120), 5. The Dussmann Luxembourg Group (cleaning activities: 3 880), 6. BGL BNP Paribas (financial intermediary: 3 660), 7. Goodyear Dunlop Tires Operations SA (manufacture of rubber products: 3 450).
An updated list of the main employers is available on the website of the National Institute of Statistics and Economic Studies of Luxembourg (STATEC): https://statistiques.public.lu/catalogue-publications/principales-employ...
Employment conditions are attractive, and companies can therefore demand relatively high qualification levels.
Ministry of Labour, Employment and the Social and Solidarity Economy
List of main employers
Publications from the statistics portal
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Top 10 of the most required occupations in Luxembourg
1. Sales and marketing managers (ISCO 1221)
2. Policy and planning managers (ISCO 1213)
3. Software and applications developers and analysts not elsewhere classified (ISCO 2519)
4. Accounting associate professionals (ISCO 3313)
5. Information and communications technology service managers (ISCO 1330)
6. Financial analysts (ISCO 2413)
7. Commercial sales representatives (ISCO 3322)
8. Supply, distribution and related managers (ISCO 1324)
9. Cooks (ISCO 5120)
10. Plumbers and pipe fitters (ISCO 7126)