Dutch official unemployment reaches three-year high

19th November 2009, Comments 0 comments

Dutch unemployment for the August-to-October period stands at 403,000 people and is 111,000 higher than in the same period a year earlier.

The Hague -- Dutch unemployment exceeded 400,000 people for the first time in nearly three years in the August-to-October period, and was growing by 10,000 per month, the CBS statistics agency said on Thursday.

"The seasonally adjusted unemployment figure for the period August to October was measured at 403,000 people," it said in a statement.

"This means that seasonally adjusted unemployment has exceeded 400,000 for the first time in nearly three years."

The figure represented five percent of the workforce, said the CBS -- the same as for the July-to-September period.

"In the last six months, unemployment has been rising by 10,000 per month on average." The Netherlands has a population of 16.5 million.

"The number of unemployed is 111,000 higher than in the same period a year earlier," the statement said.

Before the effects of the global economic crisis started hitting home, the Netherlands reported in September 2008 that unemployment had dipped to its lowest level in six years to 3.6 percent or less than 300,000 people.

AFP / Expatica

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