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The good and the bad news from 2014
Economics

The good and the bad news from 2014

13.07.2015 From our online archive
2014 was both a good and bad year for Luxembourg with 120,000 people finding work while unemployment reached a record high.

2014 was both a good and bad year for Luxembourg with 120,000 people finding work while unemployment reached a record high.

According to employment agency ADEM, 121,849 new staff were hired in Luxembourg between December 2013 and December 2014, while payroll employment rose by 2.5 percent.

But, with a record 7.1 percent of the population recorded out of work in May 2014, it was hardly a year for celebration. Releasing the figures on Monday, ADEM said that the situation had since stabilised, with unemployment in May this year recorded at 6.9 percent.

However, it did not wish to be complacent and outlined its main goal – to get 12,650 jobseekers per year into work, an average of 1,054 per month, compared with 916 per month in 2014.

To achieve this target, the agency is undergoing a number of improvements, including the launch of a new logo and the modernisation of its IT and the launch of a job portal by the end of 2015. 

This website will allow companies to view profiles of job applicants and for job seekers to view vacant posts. After launching customised courses for jobseekers registered with certain ADEM offices in 2014, the agency will expand the service.

"In 2015, the deployment of customised courses will be conducted in all the ADEM agencies," ADEM deputy director Gaby Wagner said.

What will also help the agency further is the cooperation of employers who share information about vacancies.

Last year, 27,886 vacancies were advertised with ADEM, with 1,965 new employers joining the agency's books.

Already, in the first five months of 2015, job vacancy numbers reached more than half of that figure (14,104), providing a promising start for the year.

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