Demand for staff is high: unemployment falls to lowest level since 2003

Despite the corona restrictions, unemployment continues to fall. According to the Central Bureau of Statistics, the percentage of unemployed relative to the labor force fell to 2.7 percent in November, the lowest figure since the start of the current measurement method in 2003.

Due to the strong economic recovery from the corona crisis, the demand for personnel is very high, which means that unemployment continues to fall. Last October, unemployment was already back to pre-coronavirus levels.

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According to Statistics Netherlands, the number of unemployed has fallen by an average of 17,000 per month in the past three months, reaching 251,000 in November. Over the past three months, the number of workers aged 15 to 75 rose by an average of 33,000 per month to 9.2 million. For the first time, more than 70 percent of 15- to 75-year-olds were in paid work, according to the statistics agency.

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From next year, CBS will adjust the way in which it charts the labor force. The unemployment rate will then be higher. Measurements carried out this year show that the overall picture remains the same; unemployment continues to fall. Also calculated back to 2003, the current percentage after the adjustments remains the lowest since that year.

Know more: Demand for staff is high: unemployment drops to lowest level since 2003.

The number of unemployment benefits also continues to fall

In November, 3.9 million people aged 15 to 75 were out of paid work for a variety of reasons. In addition to the unemployed, there were 3.6 million people who had not recently sought or are not immediately available for work. They are not counted as part of the working population. Their numbers have fallen by an average of 18,000 per month in the last three months.

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The number of unemployment benefits decreased by 9,900 last month, a decrease of 5 percent compared to October. This brought the number of unemployment benefits to more than 189,000 at the end of November. According to the UWV benefits agency, there are more than 45,000 long-term unemployment benefits.

Labor market expert Rob Witjes of the UWV says in an explanation that the shortage on the labor market remains high and that there is no effect of the tightened corona measures on the number of unemployment benefits yet. “That is good news, but we also see that almost a quarter of people entitled to unemployment benefits have had unemployment benefits for more than a year. This number is decreasing, but not so quickly. This shows that it is not easy for everyone to find work now.”

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According to him, the group that has been on unemployment benefits for some time also has less good prospects, because these unemployed people are often trained for and have experience in jobs that are shrinking, such as in the administrative sector.

Author: Jobly