Macroeconomic scoreboard 2006 - 2013
| Periods | Unemployment rate; 3-year average (%) |
|---|---|
| 2013* | 5.5 |
| Source: CBS. | |
Table explanation
To identify in a timely manner existing and potential imbalances and possible macroeconomic risks within the countries of the European Union in an early stage, the European Commission has drawn up a scoreboard with eleven indicators. This scoreboard is part of the Macroeconomic Imbalance Procedure (MIP). This table contains quarterly and annual figures for these eleven indicators for the Netherlands.
Data available from 2006 to 2013.
Status of the figures:
Annual and quarterly data are provisional. Because this table is discontinued, figures will not be updated anymore.
Changes as of July 10th 2014:
None, this table is discontinued.
When will new figures be published?
Not applicable anymore.
This table is replaced by table Macroeconomic scoreboard. See paragraph 3.
Description topics
- Unemployment rate; 3-year average
- Unemployment rate, international definition, %, three-year moving average.
The unemployment rate is defined as the unemployed labour force as a percentage of the total labour force.
The international definition (ILO definition) of unemployment is used here. This includes all persons between 15 and 75 years of age without paid work who are actively looking for work and are also available to start work. The national definition of unemployment for the Netherlands includes persons aged between 15 and 65 years without paid work, or with paid work for less than 12 hours per week, who are actively looking for work for 12 hours or more per week and also available to start work.
Sources:
The data are compiled by the Statistics Netherlands (CBS), which publishes the unemployment rate for the Netherlands monthly, according to both the international and the national definition.
Calculation of the scoreboard indicator:
Based on the monthly unemployment rate, a moving three-year annual average is calculated.
Interpretation of the indicator:
Alongside economic growth and inflation, unemployment is one of the main macroeconomic indicators. A rise in unemployment, other than being a social problem, also means that government expenditure on social benefits increases and tax revenues decline. Furthermore, an increase in unemployment has a negative impact on consumption. A high and persistent unemployment may indicate a lack of adaptability of an economy.
Upper and lower limits:
For this indicator, the European Commission has set only an upper limit: +10 percent.