Unemployment jumps in Netherlands as pandemic hits young workers

Unemployment jumps in Netherlands as pandemic hits young workers ...

Unemployment rose at its fastest pace on record in the Netherlands in April as lockdown measures began to hit the economy with young workers hit hardest, Statistics Netherlands said on Wednesday.

The unemployment rate rose to 3.4% in April from a near record low of 2.9% in March, the CBS said in a statement.

The number of applicants for unemployment benefits in April rose nearly 17% versus March and was up 13% year on year, the CBS said.

“The number of people with paid work in April fell by 160,000 to 8.9 million,” it said.

“A fall of that magnitude has not happened since monthly statistics began to be compiled (in 2003).”

The hardest hit demographic was workers aged 15-25, it said.

source: reuters

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