Dutch seasonally adjusted unemployment rate inched higher to a four month high of 3.4 percent in June 2019 from the previous three month's record low of 3.3 percent. The number of unemployed increased by 11 thousand from the prior month to 313 thousand, while employment rose 16 thousand to 8.95 million. Meantime, the labor force participation rate edged up to 71.2 percent in June from 71.1 in May. Unemployment Rate in Netherlands averaged 5.30 percent from 2003 until 2019, reaching an all time high of 7.90 percent in February of 2014 and a record low of 3.30 percent in March of 2019.
Unemployment Rate in Netherlands is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Netherlands to stand at 3.60 in 12 months time. In the long-term, the Netherlands Unemployment Rate is projected to trend around 4.20 percent in 2020, according to our econometric models.