Unemployment rate in the Netherlands per month 2003-2023

In September 2023, the unadjusted unemployment rate in the Netherlands stood at 3.8 percent. This was an increase of around 0.2 percentage points when compared to the the previous month for the unadjusted unemployment rate.

What are the economic consequences of COVID-19 so far?

Domestic sources agree that economic impact is severe, although they have been reluctant to provide precise figures. Some sources outright refused to release data, whereas others stated they were not releasing official forecasts, but estimates. In their opinion, there were too many unknowns. Because of this, numbers on the exact economic consequences of the coronavirus in the Netherlands varied wildly. The CPB or Netherlands Bureau for Economic Policy Analysis (on whose calculations the Dutch government bases its economic policy), for example, predicted GDP decreases between 1.2 percent and eight percent for 2020. CPB based these figures on four possible scenarios, based on how long emergency measures to counter COVID-19 would be in place. Rabobank’s GDP predictions for 2020 changed multiple times over the course of the pandemic, with a current predicted decrease of 5.7 percent for 2020.

Which Dutch sectors are hit hardest?

Calculations from ABN AMRO economists named real estate and construction as the main victims of COVID-19 in 2021, with both sectors seeing their added value decrease by more than two percent. This is similar to calculations from Rabobank, which mentioned construction industry and industry, and added that these sectors would barely recover in 2021.