Jobless rate slows

19th November 2003, Comments 0 comments

19 November 2003 , AMSTERDAM — Unemployment continues to grow in the Netherlands, but the pace has declined since the rapid growth reported at the start of this year, the Central Bureau of Statistics (CBS) said on Wednesday.

19 November 2003

AMSTERDAM — Unemployment continues to grow in the Netherlands, but the pace has declined since the rapid growth reported at the start of this year, the Central Bureau of Statistics (CBS) said on Wednesday.

In the three months of August, September and October, there was on average 407,000 jobless people in the Netherlands, 94,000 more than the same period last year, newspaper De Telegraaf reported.

The CBS said 5.4 percent of the working population was unemployed in the three-month period, compared with 4.2 percent in the same period last year. It has previously been forecast that the jobless rate could hit 7 percent or 500,000 next year.

But the statistics bureau also said on Wednesday that the pace of unemployment growth was slower than that recorded at the start of this year, giving rise to hopes that an economic turnaround is not far away.

The Netherlands pulled itself out of a nine-month recession in the third quarter ending in September, recording 0.1 percent growth. The economy remains, however, 0.8 percent down in comparison with the results of the first nine months of 2002. 

Meanwhile, unemployment in the August-October period is generally lower due to seasonal factors, but taking these factors into account, there were 414,000 people without a job in the three month period. In the past six months the number of jobless have increased by 5,000 per month, but the rate is slowing, the CBS said.

The unemployment rate among workers aged 45 to 64 is 4.2 percent, which is lower than the rate for workers younger then 45, the CBS said.   

The Netherlands had 7.12 million people with a job of more than 12 hours or more — the minimum level required to qualify as working — in the August-October period, 1 percent less than 12 months ago. 

There is almost no difference in the number of men and women looking for work, with CBS figures indicating there are 204,000 men and 203,000 women presently without work in the Netherlands.

[Copyright Expatica News 2003]

Subject: Dutch news







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