Dutch unemployment down in June

In the Netherlands unemployment dropped by 9000 people at the end of last month compared to the previous month.

According to the latest figures released by Statistics Netherlands, seasonally adjusted unemployment totalled 392 thousand in June 2011, a reduction by 9 thousand from May.

Figures published by the Institute for Implementation of Employees’ Insurances (UWV) show that the number of unemployed as well as the number of unemployment (WW) benefits have declined notably relative to one year ago.

Unemployment adjusted for seasonal variation was 5.0 percent in June. In the first six months of this year, unemployment has remained fairly stable, whereas the proportion of unemployed in the Dutch labour force declined throughout 2010.

June’s unemployment rate was 0.5 percentage points down on one year ago. Youth unemployment was reduced substantially. Yet, the number of young employed has barely improved relative to one year previously.
Number of job seekers nearly 38 thousand down on last year

The number of unemployed job seekers registered in the UWV database was 454 thousand in June, a reduction by 38 thousand on one year ago. Proportionally, the most substantial reduction was recorded among young people under the age of 25. The number of job-seeking professionals in behaviour and society-related and education-related disciplines increased.

In June this year, 252 thousand WW benefits were granted, a decrease by 36 thousand from one year ago. Men for the most part accounted for the reduction. The number of male recipients of WW benefits was reduced by 34 thousand within twelve months.

Nearly 31 thousand new benefits were granted in June, 4 thousand down on June 2010 and 34 thousand benefits were terminated, i.e. 11 thousand fewer than last year. The amount of benefits terminated due to resumption of work slumped.

The Dutch unemployment rate is among the lowest in the European Union.

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