Job numbers swell in Luxembourg
The number of jobs in Luxembourg continues to grow, driven largely by the specialist and support services sector.
STATEC figures for the first quarter of 2015, show total job numbers rose 0.6 percent compared with the last quarter of 2014, with the strongest growth in the specialist and support services sector (1.3 percent).
Compared with the same period a year ago, the number of jobs rose a comfy 2.5 percent, driven by considerable growth in ICT (5.1 percent) and specialist and support services (4.9 percent).
The report author suggests that within the former group, employment was mainly linked to processing activities and data hosting. The latter, however, the author observed, was linked to growth in legal, accounting and advisory activities.
“By themselves, these two activities, which cover 19 percent of salaried employment, are responsible for almost 40 percent of net new jobs created between the first quarter 2014 and the first quarter of 2015. These are essentially jobs highly qualified profiles,” the report said.
The number of cross-border workers grew at a faster rate than resident workers, with commuter numbers rising 2.7 percent compared to a growth of 2.3 percent among jobs held by residents.
Meanwhile, the number of employees originally hailing from outside of the EU rose considerably, up 6 percent compared with the same period a year ago.
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