Dutch seasonally adjusted unemployment increased to 3.5 percent in August 2019 from 3.4 in the previous month. It was the highest jobless rate since January, as the number of unemployed rose 8 thousand to 321 thousand, while employment went up 4 thousand to 8.958 million. Meantime, the labor force participation was unchanged at 71.2 percent in August. Unemployment Rate in Netherlands averaged 5.29 percent from 2003 until 2019, reaching an all time high of 7.90 percent in February of 2014 and a record low of 3.30 percent in March of 2019.
Unemployment Rate in Netherlands is expected to be 3.30 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 3.60 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.