Luxembourg reveals the trends in its employment market through the latest statistics published by the Employment Development Agency (Adem). On November 20, 2024, these figures shed light on the country’s economic dynamics: which sectors prove to be the most attractive for recruiters? How many cross-border workers are currently looking for a job? And above all, where is the unemployment rate in this evolving cross-border economy? Dive into a report which outlines the contours of employment in the Grand Duchy.
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A declining job offer in Luxembourg
Adem reveals a worrying trend for the Luxembourg job market: vacant positions continue to decrease. As of October 31, the Agency identified 6,698 professional opportunities, a figure down slightly compared to the 6,737 advertisements available in September. If the difference seems minimal, it reflects a broader dynamic, raising the question of the evolving needs of employers and the economic competitiveness of Luxembourg.
A marked increase in cross-border job seekers in Luxembourg
Luxembourg is attracting more and more cross-border workers looking for work. At the end of October, 3,027 non-residents were registered as available with Adem, compared to 2,941 in September. This increase reflects continued enthusiasm for the Luxembourg labor market, despite increased competition.
As for residents, the trend follows the same path. There were 18,293 looking for work in October, a notable increase compared to the 17,733 recorded the previous month. Despite this increase in figures, the unemployment rate remains stable at 5.8%, signaling a certain resilience of the market in the face of the increase in job seekers.
The most sought-after professions in Luxembourg
For those who dream of settling in Luxembourg, knowing the sectors actively looking for talent could make all the difference. According to data recently published by Adem, several areas stand out with strong demand. At the top of the list, accounting and management continue to attract recruiters, closely followed by information systems and telecommunications specialists. Culinary production, like secretarial and assistance, is also among the leading professions.
Secondary work remains a pillar of the job market, as do professions linked to social, socio-educational and socio-cultural action, reflecting a shift towards local and support services. The banking sectors, services in general, as well as experts in design, organization and studies complete this top 10 of the most popular professional opportunities.
An accountant
The accounting sector is among the most in demand in Luxembourg. Essential to the proper functioning of businesses, the accountant manages balance sheets, pay slips and tax declarations, meeting legal and financial requirements. This professional can work in various environments, such as accounting firms, businesses or public organizations.
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IT network architect
At the heart of digital transformation, the IT network architect designs and secures companies’ technological infrastructures. Essential in a country like Luxembourg, where finance and innovation dominate, it adapts solutions to the specific needs of organizations, while anticipating developments. This highly sought-after profession offers opportunities in a variety of sectors.
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Credit and banking risk analyst
In Luxembourg, the credit and risk analyst is essential in the banking sector. By evaluating loan requests, it measures the viability of projects and anticipates risks for the lending organization. Between strategy and precision, this highly sought-after profession guarantees the balance between innovation and security in a constantly evolving financial landscape.
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Financial analyst
The financial analyst embodies an essential link in the economic ecosystem. This profession, popular with large companies, banks and insurance companies, revolves around the study of financial dynamics. Whether it is to monitor market trends, assess risks or support ambitious projects such as mergers or IPOs, its role is to inform strategic decision-making.
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Production agent
At the heart of Luxembourg industry, the production agent ensures the proper functioning of the manufacturing chain. More than just a performer, he ensures procurement, compliance with safety standards, quality control and optimization of performance. This strategic position, essential to the competitiveness of companies, extends to various sectors such as mechanics, energy or metal structures.
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Secretary
The job of secretary is essential to guarantee the smooth running of businesses. A true coordinator, he ensures the management of diaries, the preparation of files and the fluidity of exchanges within the teams. Versatile and responsive, the secretary juggles administrative tasks, organizing meetings and monitoring priorities.
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General care nurse
The general care nurse plays a key role in the Luxembourg health system. Present in hospitals, retirement homes or home care, he assesses the state of health of patients, administers treatments and coordinates care with precision and kindness. This position, in high demand, reflects a constant commitment to patient well-being.
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Tax expert
In a country where financial flows are at the heart of the economy, the profession of tax specialist occupies a strategic place. This defense and legal advice professional is not limited to juggling complex tax regulations: he anticipates, analyzes and optimizes the financial choices of companies and individuals, while ensuring their compliance with current laws.
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You can also find all the professions in the legal sector via our job descriptions.
