Netherlands Unemployment Rate

Full name

Unemployed labour force.

Definition

The unemployed labour force consists of all people aged 15-64 years without work or with a
job of less than twelve hours a week, who are actively seeking a job for at least twelve
hours a week, and are available to start work immediately.

Other information

The figures are based on the labor force survey, a sample survey held monthly among
thirty thousand people in the Netherlands. The results from this sample survey are subject
to a margin of error. The monthly figures are provisional and may be adjusted when more
information on the labor market becomes available. A routine adjustment is applied after
the year under review, on the basis of more recent information.

Business Cycle Tracer versus Economic Monitor

As the starting points and methods of the Business Cycle Tracer (BCT) differ from other
statistics compiled by Statistics Netherlands, the presentation of various indicators in the
BCT may differ from their usual presentation. The main distinctions are explained below.

Long-term trend

The BCT uses a “flexible trend”, in most statistics of Statistics Netherlands some form of
rigid trend is usually used.

Length of trend

In the BCT, long-term trends must be based on a period of at least a few business cycles,
and thus require long series. In practice, continuous series are not available because of
trend breaks. This means that in some cases trend breaks must be repaired temporarily, or
that a new “synthetic series” must be made (n.b. not claiming to give a better analysis of
the indicator concerned, but only to enable calculation of the coordinates of the indicator).

Short-term developments

In the BCT developments are “filtered” to some extent, to prevent indicators shooting back
and forth from one quadrant to another (“flashing light”). In most statistics of Statistics
Netherlands this effect is not filtered out, and the most recent monthly figures (or moving
averages) are published.
The Netherlands Unemployment rate from tradingeconomics.com

http://www.tradingeconomics.com/calendar

- Dutch seasonally adjusted unemployment rate dropped to 5.1 percent in March 2017
from 5.3 percent in the prior two months.
- It was the lowest jobless rate since September 2011, as the number of unemployed fell
by 10 thousand from the previous month to 463 thousand, while the number of employed
rose by 26 thousand to 8.53 million.
- In March 2016, the jobless rate was recorded at 6.4 percent
- Unemployment Rate in Netherlands averaged 5.50 percent from 2003 until 2017,
reaching an all time high of 7.90 percent in February of 2014 and a record low of 3.60
percent in February of 2008.

From Coca-Cola company

 - the Unemployment rate in the Netherlands decreased dramatically from January 2016
to January 2017 from 6.6 to five
- It is a good sign for a big company like Coca-Cola because they can recruit employee
through the Netherlands if they base on the figure from those chart
(Tradingeconomics.com).
- Coca-Cola will probably consider opening the company in the Netherlands.
- The figure show us the economy from the Netherlands is growing and become better.

APA
Trading Economics. (2017). Trading Economics. Được truy lục từ Trading Economics:
http://www.tradingeconomics.com/netherlands/unemployment-rate