Dutch seasonally adjusted unemployment rate stood at 3.7 percent in October 2018, unchanged from the previous month. It remained the lowest jobless rate since January 2009, as the number of unemployed dropped by 6 thousand to 337 thousand while employment increased by 8 thousand to 8.84 million. Meantime, the labour force participation stood at 70.8 percent in October, the same as in September. Unemployment Rate in Netherlands averaged 5.38 percent from 2003 until 2018, reaching an all time high of 7.90 percent in February of 2014 and a record low of 3.60 percent in February of 2008.
Unemployment Rate in Netherlands is expected to be 4.20 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 4.60 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.