The Netherlands' seasonally adjusted unemployment rate increased to 3.4 percent in April 2020, the highest rate since last November, as the number of unemployed rose by a record 41 thousand to 314 thousand and employment fell by 160 thousand to 8.880 million, the largest decline on record. In addition, the number of people claiming for unemployment benefits increased by 42 thousand to 292 thousand in April. Meantime, the labor force participation dropped to 70.3 percent in April, the lowest in two years.
Unemployment Rate in Netherlands averaged 5.20 percent from 2003 until 2020, reaching an all time high of 7.90 percent in February of 2014 and a record low of 2.90 percent in February of 2020. This page provides - Netherlands Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Netherlands
Unemployment Rate in Netherlands is expected to be 5.60 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 7.30 in 12 months time. In the long-term, the Netherlands Unemployment Rate is projected to trend around 6.80 percent in 2021 and 5.00 percent in 2022, according to our econometric models.