- Unemployment 25 thousand up on first half of 2011
- Notable increase among 25 to 45-year-olds
- Number of job seekers in UWV database unchanged
- Marginal increase number of WW benefits
According to the latest figures released by Statistics Netherlands, unemployment, adjusted for seasonal variation, grew by 8 thousand in August 2011, reaching 421 thousand or 5.4 percent of the labour force.
Figures published by the Institute for Implementation of Employees’ Insurances (UWV), indicate that the number of unemployment (WW) benefits rose marginally in August, whereas the number of job seekers remained stable.
Unemployment rose for the second month in a row. In August, 421 thousand people in the Netherlands were unemployed, i.e. 25 thousand more than the average over the first six months of 2011, when unemployment ranged between 392 and 400 thousand.
Unemployment up among 25 to 45-year-olds
The number of unemployed has risen notably in the 25-45 age bracket. Over the first half of 2011, unemployment in this age category averaged 170 thousand, but the number increased to 186 thousand in August. Unemployment growth among under-25s and over-45s was less substantial.
More young job seekers filed in UWV database
The number of job seekers filed in the UWV database was 454 thousand in August, about the same amount as in July, but the number of job seekers younger than 25 grew by more than 2 percent in one month. The increase is due to the large number of school-leavers entering the labour market, a recurring phenomenon in summer. The same applies to the increase in the number of job seekers in higher educational professions during the summer period.
More new WW benefits
For the second month in a row, more new WW benefits were granted than terminated. In August this year, 32 thousand new benefits were granted, a 5 percent increase relative to July; 30 thousand benefits were terminated, over 2 percent more than in July. A notable increase in people resuming work resulted in more WW benefits being terminated. The number of current benefits grew by nearly 1 percent to 256 thousand.