Unemployment benefit applications fall to lowest level since 2008
According to figures from Statistics Netherlands (CBS), the Dutch unemployment rate continues to fall and, in September, fewer than 208.000 applications for unemployment benefits were recorded - the lowest number since 2008.
Unemployment in the Netherlands continues to fall
Since peaking at 4,6 percent in the summer of 2020, unemployment in the Netherlands has continued to fall in spite of the various lockdowns and numerous COVID-19 restrictions. The latest figures reveal that the current unemployment rate is 3,1 percent.
CBS reports that, in September 2021, 292.000 people in the Netherlands were unemployed, with the number of 15 to 75-year-olds with jobs rising from just under 8,9 million in the spring of 2020 to 9,1 million last month.
Interestingly, the Employee Insurance Agency (UWV) provided almost 208.000 people in the Netherlands with unemployment benefits, signifying a decrease of over 2 percent compared to August. The number of people claiming unemployment benefits has been gradually falling since February, with September marking the lowest number recorded since autumn 2008.
Effect of COVID-19 and government support on Dutch economy
September marked the final month of financial support from the Dutch government for businesses that were struggling as a result of the pandemic. Last month also saw the lifting of a number of COVID-19 restrictions, as nightclubs finally reopened and bars and restaurants were allowed to welcome more customers.
Support from the government meant businesses were able to keep people in work in spite of a lack of profit, but with the support scheme coming to an end for many in October, many are concerned the unemployment rate could once again rise.