The Netherlands seasonally adjusted unemployment rate dropped to 3.2 percent in December 2019, the lowest on record, from 3.5 percent in the previous month. The number of unemployed declined by 22 thousand to 302 thousand, while employment went up by 33 thousand to an all-time high of 9.028 million. Meantime, the labor force participation stood at 71.4 percent in December, the same as in the prior two months.
Unemployment Rate in Netherlands averaged 5.24 percent from 2003 until 2019, reaching an all time high of 7.90 percent in February of 2014 and a record low of 3.20 percent in December of 2019. This page provides - Netherlands Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Netherlands
Unemployment Rate in Netherlands is expected to be 3.50 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 3.80 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.