Unemployment continues to fall to historically low levels

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Unemployment continues to fall to historically low levels – The shortage on the labor market is clearly noticeable in the unemployment figures. According to Statistics Netherlands (CBS), 3.2 percent of the labor force was on the sidelines in April.

A month earlier it was still 3.3 percent, then already the lowest percentage since the start of the measurements in 2003.

The decline in youth unemployment continued as in previous months. Approximately 6.9 percent of young people between the ages of 15 and 25 were out of work, compared to 7.1 percent a month earlier.

Among people between the ages of 25 and 45, the unemployment rate dropped by 0.2 percentage points to 2.5 percent.

Among older workers aged 45 and over, there was a slight decrease. Here, the unemployment rate stood at 2.3 percent.

Despite the corona crisis, unemployment has remained very low over the past two years. Labour market experts often blame this on the corona support that has helped companies through the pandemic, so that they did not fall over or had to save less.

Now that the corona support has stopped, experts expect more bankruptcies and that can lead to more unemployment.

Unemployment continues to fall to historically low levels

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