Lowest unemployment in 4 yrs

19th June 2007, Comments 0 comments

19 June 2007, AMSTERDAM – The Dutch unemployment rate fell to 4.7 percent in the March-May period, its lowest level in four years.

19 June 2007

AMSTERDAM – The Dutch unemployment rate fell to 4.7 percent in the March-May period, its lowest level in four years.

Statistics Netherlands (CBS) announced this on Tuesday. This is the first time in the last four years that unemployment has dipped below 5 percent.

On average 347,000 people were unemployed in the period from March to May, 7,000 fewer than in the February to April period.

The figures without correction for seasonal fluctuations showed 353,000 people out of work, 77,000 fewer than in the same period last year. This shows a decrease of almost 20 percent in a year's time.

Unemployment fell among both men and women, CBS reported. More than half of the decrease was due to men finding jobs however. Unemployment among men fell to 3.8 percent; while 5.8 percent of the female working population was without jobs.

The lowest unemployment rate is for men in the 25 to 44 age bracket. Only 2.8 percent of the working population in this age group was unemployed. This is still higher than in mid 2001, when only 1.4 percent of the male working population aged 25 to 44 was unemployed.

[Copyright Expatica News 2007]

Subject: Dutch news

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