Unemployment in the Netherlands climbed to the highest level in sixteen years in July, with the number of unemployed rising to more than half a million, data released by the Central Bureau of Statistics showed Thursday.
The number of jobless persons, on a seasonally adjusted basis, increased to around 510,000 in July from about 495,000 in June. The latest figure was the highest since 1996 when the number of unemployed rose above half a million.
The unemployment rate increased to 6.5 percent during the month from 6.3 percent in the previous month, extending the current sequence of increase to over a year. Economists expected the jobless rate to remain unchanged in July.
At the same time, the number of persons claiming unemployment benefit increased by 7,000 month-on-month to around 298,000 in July. Year-on-year, the number of claimants rose by 17.5 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.