Highest unemployment in a decade

19th August 2013, Comments 0 comments

Belgian unemployment levels have reached their highest levels in a decade.

The dailies De Standaard and Het Nieuwsblad report that figures from the National Bank show that Belgium currently has over 600,000 jobseekers. This works out at a jobless rate of 8.7%.

Highest unemployment in a decade

Unemployment figures for June show the jobless total at 610,893, the highest number in ten years. The figure is up 5% on the year.

Unemployment usually edges higher in the summer as businesses fire staff as demand slackens.

Belgium is faring better than Europe as a whole. In Belgium unemployment has risen 1.4% since the start of the economic crisis in 2008. The figure for the Eurozone shows a rise of 4.4% to 12.1%.

Employment levels too have risen in Belgium with 4.55 million people in gainful employment last year. This too is the highest figure in a decade.

Flanders outperforms Belgium as a whole with 235,980 jobseekers and an unemployment level of 7.95%.



[Flandersnews.be / Expatica] 

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