Forecast of unemployment rate in the Netherlands 2013-2022
After reaching historic low levels of unemployment in the months before the coronavirus pandemic, the unemployment rate in the Netherlands is forecast to increase due to COVID-19. The unemployment rate is expected to increase to 4.4 percent by 2022. This according to predictions made in May 2021. The abrupt decline in economic activity and the mandatory closure of companies is believed to have a negative impact on overall employment. The Netherlands was already implementing several employment protection measures, especially in the shape of worktime reduction benefits and income support for self-employed.
