SCHAAN – The unemployment rate in Liechtenstein stagnated at 1.5 percent in September. Compared to September 2020, however, it was 0.4 percentage points lower.
At the end of September, 309 unemployed people were registered in Liechtenstein, 6 more than in the previous month, as reported by the Public Employment Service (AMS) at the Department of Economics. The unemployment rate in September 2021 will therefore remain unchanged from the previous month at 1.5 percent.
Compared to the same month last year, unemployment fell by 77 people (-19.9 percent). The unemployment rate fell by 0.4 percentage points compared to the same month last year.
Unemployment by age group
Youth unemployment (15- to 24-year-olds) fell by 1 person (-2.9 percent) to 33. Compared to the same month last year, this corresponds to a decrease of 6 people (-15.4 percent). The youth unemployment rate is 1.5 percent. Compared to the same month last year, this decreased by 0.3 percentage points.
In the age group between 25 and 49, unemployment increased by 7 people (+4.3 percent) to 170. This corresponds to a rate of 1.6 percent (previous month 1.5 percent).
In the 50 plus age group, unemployment remained unchanged compared to the previous month at 106 people. This corresponds to a rate of 1.4 percent (previous month 1.4 percent).
At the end of September, 87 people were working on interim earnings and were therefore unchanged from the previous month.
Compared to the same month last year, this corresponds to a decrease of 19 people (-17.9 percent). Interim earnings are any income from self-employed or employed work, whereby the receipt of daily unemployment benefits is also suspended or reduced.
Slightly fewer vacancies
The number of accesses to AMS FL in the reporting month is 53 people. The number of deaths corresponds to 2 people (-3.6 percent) fewer than in the previous month. The number of departures is believed to be 49 people. That is 23 people (-31.9 percent) fewer than in the previous month.
872 jobs compared to 954 in the previous month (-8.6 percent). Compared to the same month last year, 191 jobs (+28 percent) more are registered.
Short-time work requests
By the reporting month, 882 companies had registered a right to compensation for short-time working in accordance with the COVID-19-ALVV. “The effective payments of short-time work allowances due to COVID-19 are still falling,” writes the AMS. The use of short-time work compensation under the COVID-19-ALVV is still possible until the end of December 2021.