Labour market
Labour minister says '4% unemployment rate not unrealistic'
Recent market developments make Nicolas Schmit feel positive about shape of Luxembourg economy, full recovery
Almost 10 years ago, in April 2008, Luxembourg's unemployement rate was just below 4%.
Since then, the job market has been in decline due to the global financial crisis which was followed by the sovereign debt crisis, but also due to harsh austerity policies implemented across Europe and a slow down in the bloc's economy. All these factors led to significant job cuts.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
Tax avoidance
—
20.06.2018
Engie told to pay €120m in back taxes to Luxembourg
