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The crisis impacts employment and unemployment
28-05-2020 | STATEC

Sanitary containment measures led to a downturn in economic activity in Europe from March onwards. In Luxembourg, as elsewhere, employment and unemployment were heavily and rapidly affected, despite support measures on an unprecedented scale. In Luxembourg, measures to maintain employment will probably enable employment to grow slightly in 2020 and 2021: +0.6% and +1.0% respectively, compared with +3.6% in 2019. The increase in the number of unemployed is expected to be pronounced this year (+29%) and to continue in 2021 (+10%), illustrating a certain hysteresis in unemployment following the second-round effects that this major economic crisis will generate.