The Netherlands' seasonally adjusted unemployment rate edged up to 3.6 percent in December of 2018 from a record low of 3.5 percent in the previous month. The number of unemployed increased by 3 thousand to 329 thousand, while employment was virtually unchanged at 8.9 million. Unemployment Rate in Netherlands averaged 5.36 percent from 2003 until 2018, reaching an all time high of 7.90 percent in February of 2014 and a record low of 3.50 percent in November of 2018.
Unemployment Rate in Netherlands is expected to be 4.40 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 4.80 in 12 months time. In the long-term, the Netherlands Unemployment Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.