Unemployment and unemployment benefits, monthly data
UWV: steady decline in unemployment benefitsThe number of current unemployment (WW) benefits has been falling since April 2016. Towards the end of October, UWV paid 420 thousand current unemployment benefits, down 5 thousand (-1.1 percent) compared to September.
In October, the number of unemployment benefits declined most rapidly in the sectors construction (-5.5 percent) and education (-4.0 percent). The sector care and welfare has shown a positive trend since the beginning of this year with 72 thousand current benefits by end of October, 1.8 percent fewer than the previous month and down by 4 percent year-on-year. The number of benefits only went up in sectors which are affected by the seasons, e.g. hotels and restaurants (+4.1 percent) and agriculture (+3.8 percent).
UWV granting fewer new benefits in 2016In the period January to October 2016, UWV granted 411 thousand new unemployment benefits, down 67 thousand (-14.1 percent) on the same period last year. Developments are very unequal across the sectors, ranging from a 29.6 percent decline in the sector construction to a 30.3 percent rise in the retail and wholesale trade sector; the latter caused by several major bankruptcies in that sector earlier this year.
Unemployment decline strong in European perspectiveThe unemployment rate decline in the Netherlands has been well above the average seen across the European Union this year. Compared with neighbouring countries, the downward trend is most significant in the Netherlands. The decrease is even sharper in eastern Europe; the Czech Republic now has the lowest unemployment rate in the EU, Hungary has meanwhile overtaken the Netherlands and Poland is following closely.
Top 10 lowest unemployment rates in EU (seasonally adjusted)
More people at workThere are currently 12.8 million people aged 15 to 74 years in the Netherlands. In October, 66.1 percent had paid employment. This amounts to nearly 8.5 million people, including over 4.5 million men and 3.9 million women. Over the past three months, the number of people in paid employment has grown by an average of 17 thousand per month; over three-fourths were aged 45 and over.
Among the group aged 15 to 74 years, more than 4.3 million do not have paid employment. Of this group, 502 thousand are unemployed while 3.8 million are either not looking or not immediately available for work. In the latter group, women form the majority with 2.2 million.
Total and working labour force (seasonally adjusted), monthly data
Increasingly sharper decline in unemploymentThe number of unemployed has decreased at an ever faster pace in recent months. This is mainly due to fewer working people losing their jobs. At the same time, the number of unemployed finding a job remains consistently high.
Total labour market supply (people in employment and the unemployed) is rising slightly as more people enter the labour market than are leaving.