Netherlands Unemployment Rate Rises to 7.2% in December


In December, the unemployment rate rose further to 7.2 percent. A month before, 7.0 percent of the workforce was unemployed. Unemployment has risen almost continuously since June 2011 when the unemployment rate was 5.0 percent.

The seasonally adjusted unemployment rate rose in December 2012 increased by 19,000, reaching 571,000 people. This according to the latest figures from Statistics Netherlands. In the past year, the number of unemployed averaged 10,000 per month. There were slightly more men than women unemployed. Unemployment among people over 45 increased in 2012 with an average of 4,000 per month. For both young people 25 to 45 year olds there were 3000.

The number of current unemployment benefits in December 2012 was at 340,000. That's 70,000 more than a year earlier. In construction, the number of people claiming unemployment benefit in one year increased by more than 70 percent. In 2012 there were 432 thousand benefits terminated, 14,000 more than in 2011.

CBS | Nuno Fontes | nuno@tradingeconomics.com
1/17/2013 8:58:10 AM