Belgium Unemployed Persons - Forecast

Unemployed Persons in Belgium is expected to be 329688.58 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Belgium to stand at 341339.01 in 12 months time. In the long-term, the Belgium Unemployed Persons is projected to trend around 374910.03 in 2020, according to our econometric models.


Belgium Unemployed Persons
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Belgium Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 6.3 6.3 6.2 6.2 6 6.5
Employed Persons 3946 3922 3907 3896 3888 3823
Unemployed Persons 322991 329689 333798 337653 341339 374910
Labor Force Participation Rate 68.4 67.77 67.77 68.02 67.98 67.67
Long Term Unemployment Rate 3.2 3.33 3.24 3.34 3.38 3.88
Youth Unemployment Rate 16.2 17.08 17.23 17.52 17.75 19.36
Labour Costs 110 110 111 111 111 110
Job Vacancies 142649 130058 129698 128127 124996 112503
Minimum Wages 1563 1563 1563 1563 1563 1585
Wage Growth 3.5 3.15 2.51 1.79 1.14 1.54
Population 11.37 11.44 11.44 11.44 11.44 11.56
Retirement Age Women 65 64 64 64 64 64
Retirement Age Men 60 62 62 63 63 65
Living Wage Family 1490 1530 1530 1530 1530 1550
Living Wage Individual 1030 1046 1044 1043 1041 1055
Wages 3445 3466 3470 3475 3479 3591
Wages High Skilled 3120 3200 3200 3200 3200 3250
Wages In Manufacturing 96.2 104 114 99 125 139
Wages Low Skilled 1890 1950 1950 1950 1950 2000
Productivity 100 93.71 100 112 101 101
Part Time Employment 1137 1116 1131 1131 1130 1123
Employment Change 0.3 0.4 0.4 0.23 0.7 0.4
Employment Rate 63.4 63.08 63.06 63.08 63.06 62.85
Full Time Employment 3465 3431 3418 3403 3389 3310