Belgium Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Belgium is expected to be 2.91 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Belgium to stand at 2.77 in 12 months time. In the long-term, the Belgium Long Term Unemployment Rate is projected to trend around 2.65 percent in 2020, according to our econometric models.


Forecast Data Chart
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Belgium Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.2 6.2 6 6.2 6 6.5
Employed Persons 4056 4084 4110 4108 4115 4113
Unemployed Persons 316959 319415 316917 318485 317744 317782
Labor Force Participation Rate 68.1 68.35 68.43 68.2 68.15 68.28
Long Term Unemployment Rate 3.1 2.91 2.86 2.8 2.77 2.65
Youth Unemployment Rate 16.4 16.86 16.85 16.85 16.85 16.85
Labour Costs 111 111 112 112 112 112
Job Vacancies 140685 154608 152055 155636 161481 180626
Minimum Wages 1563 1563 1563 1575 1575 1585
Wage Growth 3.7 3.11 2.84 2.79 2.81 2.97
Population 11.41 11.41 11.41 11.51 11.51 11.56
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Living Wage Family 1490 1530 1530 1550 1499 1550
Living Wage Individual 1030 1032 1036 1036 1037 1038
Wages 3445 3600 3600 3650 3561 3700
Wages High Skilled 3120 3200 3200 3200 3114 3250
Wages In Manufacturing 100 99 125 107 118 139
Wages Low Skilled 1890 1950 1950 1950 1843 2000
Productivity 100 100 100 100 100 100
Part Time Employment 1140 1161 1167 1166 1180 1219
Employment Change 0.4 0.5 0.5 0.3 0.36 0.4
Employment Rate 63.9 64.14 64.39 64.37 64.39 64.65
Full Time Employment 3519 3521 3527 3526 3525 3528