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.