Dutch unemployment falls to 400,000

21st September 2006, Comments 0 comments

20 September 2006, AMSTERDAM — Unemployment in the Netherlands is at its lowest level since the summer of 2003.

20 September 2006

AMSTERDAM — Unemployment in the Netherlands is at its lowest level since the summer of 2003.

An average of 400,000 people was jobless in the period June to August 2006, according to the seasonally corrected figures published by Statistics Netherlands (CBS) on Thursday. This is 5,000 less than in the previous period.

The CBS said 5.3 percent of the labour force was unemployed between June and August this year compared with 6.5 percent the year before.

In the first eight months of 2005, the seasonally corrected unemployment figure stayed around 490 thousand.

"Since then, the number of unemployed has dropped significantly. Over the last twelve months unemployment fell by 88 thousand, a decrease of more than 7 thousand a month," the CBS said.

Unemployment among young people fell by 30,000 to 100,000. In the period June-August 2006, some 10.8 percent of young people were unemployed. The year before, this was 14 percent.

Unemployment also fell among people aged 25-44, the largest group in the labour market. Within one year, the number of unemployed fell by 58,000 to 166,000. "In the period June-August 2006, some 4.2 percent of the labour force aged 25-44 was unemployed. The year before unemployment in this group was 5.7 percent."

But the same number of people over 45 was unemployed as a year ago. "In the period June-August 2006, 134,000 people aged over 45 were unemployed. This is the same number as the year before," the CBS said.

[Copyright Expatica News 2006]

Subject: Dutch news

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