Credit: STATEC

The number of available resident job seekers registered with ADEM stood at 18,317 as of 31 January 2024, an increase of 2,516 people (or 15.9%) compared to January 2023.

According to ADEM, this number of job seekers is increasing for all periods of vacancy. The most qualified job seekers (higher education graduates) as well as young people under 30 experienced the largest increases.

At the level of professions, the most significant upward variations concerned the construction professions, the financial and real estate sector, industry, IT, accounting and commercial strategy.

The unemployment rate, adjusted for seasonal variations, calculated by STATEC, was 5.5%.

The number of new registrations of job seekers is on the rise, ADEM noted. 3,147 residents registered with ADEM during January 2024, an increase of 250 people or 8.6% compared to January 2023. Note that the new registrations for this month include 87 registrations of beneficiaries for temporary protection (refugees from Ukraine).

The number of resident job seekers who benefit from full unemployment benefits increased by 2,136 people or 26.8% over one year, to stand at 10,097 as of 31 January 2024. The number of beneficiaries of a measure in favour of employment stands at 4,360, an increase of 6.2% compared to January 2023.

During January 2024, employers declared 2,990 vacant positions to ADEM, which corresponded to a drop of 29.9% compared to January 2023.

The total number of positions available at the end of the month stood at 6,966 as of January 31, 2024. The one-year decline was 36.6%. This decline mainly impacted the business consulting professions, secretarial and assistance, IT, transport and logistics, construction and the hotel industry - catering, tourism, leisure and entertainment.