The Netherlands seasonally adjusted unemployment rate declined to 2.9 percent in February 2020, the lowest on record, from 3.0 percent in the previous month. The number of unemployed decreased by 10 thousand to 274 thousand, while employment fell by 2 thousand to 9.057 million. Meantime, the labor force participation inched lower to 71.4 percent in February from 71.5 percent in the previous month.

Unemployment Rate in Netherlands averaged 5.22 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 April of 2020. 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 7.50 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.

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Netherlands Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.00 7.90 2.90 2003 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-19 05:30 AM Nov 3.5% 3.5% 3.4%
2020-01-16 05:30 AM Dec 3.2% 3.5% 3.4%
2020-02-20 05:30 AM Jan 3% 3.2% 3.2%
2020-03-19 05:30 AM Feb 2.9% 3% 3%
2020-04-16 04:30 AM Mar 2.9% 3.5%
2020-05-20 04:30 AM Apr
2020-06-18 04:30 AM May
2020-07-16 04:30 AM Jun 5.6%


News Stream
Dutch Jobless Rate Hits Record Low in February
The Netherlands seasonally adjusted unemployment rate declined to 2.9 percent in February 2020, the lowest on record, from 3.0 percent in the previous month. The number of unemployed decreased by 10 thousand to 274 thousand, while employment fell by 2 thousand to 9.057 million. Meantime, the labor force participation inched lower to 71.4 percent in February from 71.5 percent in the previous month.
2020-03-19
Dutch Jobless Rate Lowest on Record in January
The Netherlands seasonally adjusted unemployment rate declined to 3.0 percent in January 2020, the lowest on record, from 3.2 percent in the previous month. The number of unemployed decreased by 18 thousand to 284 thousand, while employment rose by 31 thousand to an all-time high of 9.059 million. Meantime, the labor force participation inched higher to 71.5 percent in January from 71.4 percent in the previous two months.
2020-02-20
Dutch Jobless Rate Hits Record Low in December
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.
2020-01-16
Dutch Jobless Rate Steady at 3.5% in November
Dutch seasonally adjusted unemployment rate was unchanged at 3.5 percent in November 2019, as the number of unemployed rose by 1 thousand to 324 thousand, while employment decreased by 1 thousand to 8.995 million. Meantime, the labor force participation stood at 71.4 percent in November, the same as in October.
2019-12-19

Netherlands Unemployment Rate
In Netherlands, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.