Netherlands Unemployment Rate - Forecast

Unemployment Rate in Netherlands is expected to be 3.80 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 4.50 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.


Forecast Data Chart
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Netherlands Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.9 3.8 4.2 4.4 4.5 5.1
Employed Persons 8762 8766 8766 8766 8766 8766
Unemployed Persons 354 347 341 336 331 314
Long Term Unemployment Rate 1.6 1.21 1.18 1.1 0.94 0.22
Youth Unemployment Rate 7.2 7.38 7.55 7.66 7.74 7.91
Labour Costs 102 103 104 104 104 104
Productivity 32.8 32.8 32.8 32.79 32.79 32.78
Job Vacancies 238 249 254 266 275 291
Minimum Wages 1578 1590 1590 1614 1601 1626
Wage Growth 2.19 1.73 1.73 1.73 1.74 1.74
Wages in Manufacturing 114 114 114 114 115 120
Population 17.12 17.12 17.12 17.18 17.18 17.26
Retirement Age Women 66 66 66 66.25 66 66.5
Retirement Age Men 66 66 66 66.25 66 66.5
Labor Force Participation Rate 63.9 63.92 63.95 63.91 63.96 63.95
Living Wage Family 1450 1460 1460 1560 1460 1560
Living Wage Individual 1080 1077 1075 1075 1075 1075
Wages High Skilled 2940 3000 3000 3000 2847 3050
Part Time Employment 4226 4251 4276 4266 4288 4305
Wages Low Skilled 1670 1690 1690 1690 1620 1750
Employment Change 0.8 0.8 0.8 0.79 0.8 0.8
Employment Rate 76.2 76.97 76.95 76.87 77.13 77.75
Full Time Employment 4208 4287 4259 4251 4286 4305