NETHERLANDS UNEMPLOYMENT RATE

NETHERLANDS UNEMPLOYMENT RATE

Unemployment Rate in Netherlands increased to 6,80 percent in November of 2012 from 6.00 percent in January of 2012. Unemployment Rate in Netherlands is reported by the Dutch Statistics Office. Historically, from 2003 until 2012, Netherlands Unemployment Rate averaged 5.4 Percent reaching an all time high of 7.0 Percent in February of 2005 and a record low of 3.4 Percent in August of 2008. In Netherlands, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Netherlands Unemployment Rate.

Unemployment Rate

The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment. Related terms are the labour force, the participation rate and the employment rate. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The non-labour force includes those who are not looking for work, those who are institutionalised such as in prisons or psychiatric wards, stay-at home spouses, children, and those serving in the military. The participation rate is the number of people in the labour force divided by the population of working age that is not institutionalised. The employment rate is defined as the number of people currently employed divided by the population of working age

Source  www.tradingeconomics.com | Dutch Statistics Office