Unemployment falls again: only 327,000 people out of work

Unemployment in the Netherlands fell again further in March. 327,000 people are still out of work, Statistics Netherlands (CBS) reported on Thursday.

According to data from Statistics Netherlands, 3.3 percent of the working population is currently unemployed. These are people who want to work or who have recently actively looked for work, but have not found a job. A month earlier, the unemployment rate was still at 3.4. Unemployment has not been this low since early 2003.

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Unemployment fell, especially among young people. This continued the trend of recent months. The youth employment rate rose to 75.6 percent in March. For people between 25 and 45 years this is more than 87 percent, for the group between 45 and 75 years it is just under 61 percent.

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The number of unemployment benefits decreased by 1.9 percent compared to February, to 184,000. The decline was strongest in the hotel and catering industry, where the number of benefits fell by more than 7 percent. This is largely due to the end of the corona measures. The number of payments also declined sharply in agriculture, but normal seasonal influences play a greater role here. In the winter there is less work in that sector.

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Author: Jobly