Dutch seasonally adjusted unemployment rate edged down to 3.3 percent in March 2019 from 3.4 percent in the previous month. It was the lowest jobless rate since the series began in January 2003, as the number of unemployed dropped 5 thousand to 307 thousand, while employment increased 11 thousand to 8.92 million. Meanwhile, the labour force participation rate remained unchanged at 71 percent. Unemployment Rate in Netherlands averaged 5.33 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 3.40 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 3.50 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.