Salaried employment: + 0.2% in the first quarter of 2024 and + 1.1% over 12 months

Growth in salaried employment continues to slow: in the first quarter of 2024, there was a moderate increase of +0.2% compared with the fourth quarter of 2023. In annual variation, the increase was only +1.1%, compared with +1.6% in the fourth quarter of 2023. Financial and insurance activities (+0.5%) and public administration and other public services (+0.9%) show the strongest quarterly increases compared to the fourth quarter of 2023. For two sectors of activity (industry and construction), a decline in the number of employees is again recorded in the first quarter of 2024.

Financial and insurance activities (+1.9% year-on-year) as well as administration and other public services (+3.8% year-on-year) are the most dynamic sectors in year-on-year comparison. For financial and insurance activities, the favourable development stems from investment fund and pension management activities. As for public administration and other public services, central government services recorded the most favourable growth. In terms of annual variation, the construction sector saw a sharp fall of -4.7% in the number of employees. The biggest job losses were in residential and non-residential building construction. 

In the first quarter of 2024, the change in the number of employees was identical for cross-border commuters and residents (+0.2% compared with the fourth quarter). In terms of annual variation, the number of employees resident outside the European Union rose by 7.4%, while that of Luxembourg residents increased by 1.7%. It should be noted that the number of employees resident in the European Union fell by -1.8% in the first quarter of 2024.     

Evolution of salaried employment (compared to the previous quarter)

Source: STATEC, National Accounts, seasonally adjusted data

Evolution of salaried employment 

Note méthodologique :

Employment estimates are based on the national accounts concept and are drawn up in accordance with the European System of National and Regional Accounts 2010 (ESA 2010), which defines employment in accordance with International Labour Organisation (ILO) criteria.

Data on domestic salaried employment include all employees working on national territory, i.e. including cross-border employees living beyond the national border and coming to work in the Grand Duchy, and exclude resident employees working abroad and international civil servants residing in the country. The unit of measurement is the person. Thus, a person working part-time counts as one person, as does a person working two part-time jobs. Nor is there any conversion into full-time equivalents.

Estimates of employment in the national accounts may differ from those of other statistics, such as social security registrations published by the IGSS (which include employees who do not work on national territory and which do not distinguish by kind of economic activity unit), or surveys, in particular the Labour Force Survey (which does not include cross-border commuters).

The data are seasonally adjusted and subject to revision. For business cycle analysis and quarter-on-quarter changes, the data are seasonally adjusted, while year-on-year changes are calculated on the raw data. 

Long series, both unadjusted and seasonally adjusted, are available in the 'Labour market' section of the Statistics Portal.

The data is published once a quarter, 75 days after the end of the reference period (T+75 days).