The Grand Duchy of Luxembourg is located in the heart of Western Europe between Belgium, Germany and France.
The Grand Duchy of Luxembourg, a sovereign and independent state since the Treaty of London of 19 April 1839, is a parliamentary democracy within the framework of a constitutional monarchy.
Luxembourg owes its prosperity to the discovery of iron ore in the south of the country in the 1840s. This discovery gave its name to a whole region, Minett (from “minette”, the designation for iron ore in the Lorraine, France), and marked the transition from an agrarian to an industrial state.
Luxembourg’s financial centre is today the secondlargest investment fund centre in the world after the United States, the leading captive reinsurance market in the European Union, the leading centre for the cross-border provision of life insurance within the European Union and the leading centre for private banking for international clients within the euro area. Luxembourg is also the largest domicile for Islamic funds in Europe and the main European business centre for Chinese currency across several activities.
Luxembourg’s geographic location at the heart of the European markets and within reasonable distance of major European freight ports such as Antwerp and Rotterdam makes it an ideal gateway for logistics-related activity.
In recent years, the government has made substantial investment in research and innovation, establishing a whole series of direct and indirect instruments to promote this sector.
The labour market held up better than initially expected in 2020, with employment growing 2% and the unemployment rate stood at 6.3%. This compares to an autumn forecast for employment growth of between 1.6% (lower scenario) and 1.9% (upper scenario) and unemployment at 6.4 to 6.5% of the working population. In Q1 2021, employment growth was 1.8% over one year (+0.5% over one quarter), twice as slow as pre-crisis employment, but still well above other European countries (-1.9% over one year in the euro area, +0.3% over one quarter in Q4 2020). In early 2021, most sectors of activity had more people in workforce than before the crisis hit. Business services in particular led the charge on the hiring front (+4.3% over one year in Q1 2021), but also (in declining order of new job creations) health and social welfare (+4.5%), construction (+3.5%), public administration (+5.7%) and education (+5.8%). The losers in this crisis in terms of employment were hospitality (-8.3% over one year), manufacturing (-2.0%), retail (-0.4%), transport (-0.3%) and personal services (-0.3%)
Leading employment indicators continued to improve in early 2021, although they remain overall at relatively low levels. Thus, employment prospects for contractors have improved significantly, particularly in construction and non-financial services, while remaining below pre-crisis levels (March 2021). Overtime hours, which reflect labour shortages, also stayed at low levels. In 2020, each employee worked about 5 hours less overtime than in 2019, with the gap between sectors ranging from -12.1 hours in hospitality to +2.1 hours in the financial sector, which also saw a rising trend in overtime hours worked in late 2020, early 2021. Temporary work, which was hit hard by the first lockdown in spring 2020, is slowly coming back to pre-crisis levels. In late 2020, temporary employment in construction and manufacturing (the two main sectors that resort to such employment) is thus almost identical to last year’s levels. The job vacancy rate, which measures the proportion of total positions (vacant and occupied), rose slightly in late 2020, early 2021 (up to 1.6% from 1.5% in Q3 2020, 1.3% in Q2 and 1.7% in Q1).
STATEC Conjoncture flash April 2021
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
Text last edited on: 10/2020
By April 2021, partial unemployment applications had been filed for some 31 000 persons (full-time equivalents). This accounts for 7.0% of employees, a little down on previous months (7.6% in February and March). Most of the employees affected were in hospitality (39%), manufacturing (21%), retail (16%), business services (10%) and transport (7%). Note that persons in partial unemployment remain “employed” and are therefore counted as employees, not job seekers. Unemployment as such fell to 6.1% of the working population in March 2021, after stagnating at 6.3% since September 2020. Part of this drop comes from the strengthening of the job schemes, which have taken on many more job seekers since the start of the year (particularly in training courses). As such, these people are not counted as unemployed and remain available for work. New job seeker registrations however remain low, at least compared to 2019. The trend also remains downward taking into account people in job schemes.
STATEC Conjoncture flash April 2021
CANDIDATES ARE KINDLY INVITED TO SEND THEIR APPLICATIONS TO:
Text last edited on: 05/2021
Luxembourg had 626.108 inhabitants on January 1, 2020, including 296.465 foreigners. Among the latter, the most numerous are the Portuguese (95.057), the French (47.805), the Italians (22.996) and the Belgians 19.823). There are 48.587 foreign nationals from non-EU countries in Luxembourg.
As of March 31, 2020, the employment situation was as follows:
The growth rate of total employment is 1,6 % over the past 12 months. For cross-border employment, it rises to 1,6 % (Source: IGSS / CCSS employment dashboard).
As of June 30, 2020, the unemployment rate (seasonally adjusted) was up to
5.4% 7,0 %, which is % an increase of 32,42% above the rate of December 2019.
The slowdown in employment growth that started mid-2008 continued in 2009, a year in which employment stagnated. In 2010, we saw a recovery that varied from quarter to quarter and, as of December 31, 2010, a year-on-year growth of 2.9%. Measured in December of each year, the year-on-year total employment growth was 3.3% in 2011, 2.1% in 2012, 1.7% in 2013, 2.4% in 2014, 2.7% in 2015, 3.5% in 2016 and 3.7% in 2017. In October 2018, year-on-year growth in total employment was 3.7%. As of September 30, 2019, salaried employment has increased by 3.3% over the last 12 months. (Source: IGSS / CCSS employment dashboard).
As of January 1, 2019, the largest employers (excluding public employment - state and city of Luxembourg) were in descending order: 1. The Post Luxembourg Group 4650 employees), 2. The CFL group (Luxembourg railways: 4510), 3. The Cactus group (Trade: 4420), 4. The Dussmann Luxembourg group (Cleaning activities: 4280), 5. The Mittal-Arcelor group (Iron and steel industry: 3900), 6. BGL BNP Paribas (Monetary intermediation 3830) 7. Goodyear Dunlop Tires Operations SA, Manufacture of rubber products (3450).
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/en/enterprises/index.html
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
Text last edited on: 10/2020
In 2020 the Top10 of jobs declared at the national PES:
2). IT (developer,engineering, etc.)
5). Business and management consultants
6). Kitchen aid
7). Auditors and financial controllers
8). Concrete building
9). Defense and legal counsel
10). Analysis and financial engineering