Unemployment Rate in Belgium increased to 5.50 percent in June from 5.40 percent in May of 2020.

Unemployment Rate in Belgium averaged 8.17 percent from 1983 until 2020, reaching an all time high of 11 percent in October of 1983 and a record low of 5 percent in February of 2020. This page provides the latest reported value for - Belgium Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belgium Unemployment Rate - values, historical data and charts - was last updated on August of 2020.

Unemployment Rate in Belgium is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Belgium to stand at 7.00 in 12 months time. In the long-term, the Belgium Unemployment Rate is projected to trend around 6.50 percent in 2021 and 6.20 percent in 2022, according to our econometric models.

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Belgium Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.40 11.00 5.00 1983 - 2020 percent Monthly
SA

Belgium Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.50 5.40 11.00 5.00 percent [+]
Employed Persons 4172.20 4177.90 4177.90 3010.70 Thousand [+]
Unemployed Persons 324022.00 327467.00 533460.00 281099.00 [+]
Labor Force Participation Rate 68.90 69.60 69.60 63.60 percent [+]
Long Term Unemployment Rate 2.30 2.20 5.70 2.20 percent [+]
Youth Unemployment Rate 13.00 13.00 26.10 11.90 percent [+]
Labour Costs 107.80 106.00 107.80 75.60 points [+]
Job Vacancies 129170.00 139420.00 149180.00 70256.00 [+]
Minimum Wages 1593.81 1593.81 1593.81 1074.44 EUR/Month [+]
Wage Growth 3.40 3.90 6.80 -6.50 percent [+]
Population 11.46 11.40 11.46 9.13 Million [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Full Time Employment 3562.40 3578.50 3606.20 2643.50 Thousand [+]
Part Time Employment 1203.30 1201.20 1203.30 602.20 Thousand [+]
Wages 3558.00 3489.00 3558.00 2238.00 EUR/Month [+]
Wages In Manufacturing 129.20 97.90 129.20 72.50 points [+]
Employment Change -0.24 0.34 1.80 -0.70 percent [+]
Employment Rate 65.10 65.30 65.80 55.70 percent [+]


Belgium Unemployment Rate
In Belgium, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.