The Dutch economy continues to grow steadily and its growth is expected to reach 3.3 percent this year, according to planning office CPB's estimate in its Macro Economic Exploration, which was published on Wednesday. If this estimate holds true, this will be the first time the Dutch economy grows by more than 3 percent since the outbreak of the economic crisis in 2007. In 2018 the gross domestic product is expected to grow by 2.5 percent, NU.nl reports.
The unemployment rate among people with a non-Western background in the Netherlands decreased in 2016, according to Statistics Netherlands. Last year unemployment in this group was 13.2 percent, compared to 16.5 percent in 2014.
Statistics Netherlands also noted that unemployment is higher among the second generation of non-Western immigrants than the first generation. The unemployment rate for second generation immigrants, who were born in the Netherlands, was 14.3 percent last year, compared to 12.5 percent for first generation immigrants.
There is a real chance that bankrupt fashion chain Witteveen may be saved. Other retail chains showed interest in a full or partial acquisition of the struggling company, the Telegraaf reports based on sources around bankruptcy curator Rinke Dulack of Utrecht law firm Van Benthem & Keulen.
Unemployment in the Netherlands dropped to 4.9 percent of the labor force in June, Statistics Netherlands announced on Thursday. This is the first time since the summer of 2011 that less than 5 percent of the labor force are unemployed.
Over the past three months the number of unemployed people in the Netherlands fell by an average of 6 thousand per month to 446 thousand in June. The number of people with paid work increased by an average of 11 thousand per month over that same period.
The number of job vacancies for young people is increasing rapidly in the Netherlands, especially for young people with vocational qualifications. Between September 2016 and February 2017 there were a total of 214 thousand vacancies at vocational level, according to a study by benefits agency UWV and the organization for cooperation between vocational education and the business world SBB, NU.nl reports.
The last quarter of 2016 had 26 percent more vocational vacancies than the same quarter in 2015.
Rotterdam helped 12 thousand unemployed people back to work six months before the city's self-set deadline to do so, Rotterdam alderman Maarten Struijvenberg announced. "The objective of our college was to achieve this result in four years. We did it six months earlier", he said on Tuesday, AD reports.
Unemployment in the Netherlands dropped by an average of 6 thousand people per month over the past three months, according to Statistics Netherlands. Youth unemployment in particular plummeted, dropping from 9.7 percent in February to 9 percent in May - the lowest level since March 2009.
The Dutch economy will grow by 2.4 percent this year and 2 percent next year, central planning office CPB expects in its latest estimation. In the previous estimation in March, the CPB expected 2.1 percent and 1.8 percent growth for 2017 and 2018 respectively, ANP reports.
Unemployment is expected to continue its decline, to 4.9 percent this year and 4.7 percent next year. The government finances also look healthy, with a surplus of 0.5 percent expected for this year and 0,7 percent for next year.
The Dutch economy will grow by 2.5 percent this year - the highest growth in a decade, Dutch central bank DNB expects. The economy is doing better in all aspects, but wages are still lagging behind, the bank said in its latest estimate on Monday, NOS reports.
DNB's expectations are rosier than the central planning office CPB's estimates in March. The CPB then predicted economic growth of 2.1 percent. The office is releasing its latest estimates on Wednesday. The Dutch government uses CPB estimates to make its policy.
Unemployment in the Netherlands continues to fall and the number of vacancies is on the rise. In the first quarter of this year there were 2.7 unemployed persons per open vacancy, compared to 3.9 in the same quarter last year, according to figures Statistics Netherlands released on Friday.
The Dutch government expects to make nearly 8 billion euros more on taxes and premiums than estimated on Budget Day last year, according to the Spring Memo sent to parliament by Finance Minister Jeroen Dijsselbloem on Thursday. The extra money mainly comes from VAT (€2.4 billion), corporate tax (€2.3 billion) and wage and income tax (€1.2 billion), NU.nl reports.
The Spring Memo shows the changes the government made since the budget was presented on Budget Day in September last year.
The number of welfare recipients in the Netherlands increased to 474 thousand in the first quarter of this year, Statistics Netherlands announced on Wednesday. That is 15 thousand more welfare recipients than the same quarter last year. According to the stats office, the increase can mainly be attributed to refugees who haven't been able to find a job.
Residents of the medium-sized Gelderland city of Ede are the happiest in the Netherlands, according to the Atlas for Municipalities. Alphen aan den Rijn and Amstelveen follow in second and third place. People in Rotterdam are the most unhappy in the country, closely followed by Amsterdam, the Volkskrant reports.
The Dutch government debt was 32 billion euros lower than expected at the end of 2016, according to the Annual Financial Report Finance Minister Jeroen Dijsselbloem presented to the senate and lower house of parliament on Wednesday, ANP reports.
Last year the Dutch labor market was recovered from the economic crisis in many aspects, though labor participation was still lower than in 2008 before the outbreak of the crisis, according to figures Statistics Netherlands released on Wednesday. In 2016 the number of unemployed people was still 1.5 times higher than in 2008, the number of people in long-term unemployment was over twice as high.
All Dutch provinces except Groningen saw economic growth last year, according to figures Statistics Netherlands released on Tuesday. Of the four large Dutch cities, Amsterdam saw the biggest growth at 3 percent, The Hague the lowest at 2.2 percent. Rotterdam had the highest unemployment rate in the Netherlands last year at 11.3 percent, far above the national unemployment rate of around 6 percent.
Unemployment in the Netherlands dropped by an average of 6 thousand people per month during the first three months of this year, according to figures released by Statistics Netherlands. In March a total of 463 thousand people in the Netherlands were unemployed, 5.1 percent of the working population. In March last year, there were 574 thousand unemployed.
The number of people with paid work increased by an average of 14 thousand per month over the past three months. At the end of March benefits agency UWV was paying 415 thousand unemployment benefits, a decrease of 0.3 percent.
Poor literacy costs the Netherlands about 1 billion euros per year, according to a study commissioned by the Dutch Reading and Writing foundation. The costs come from the fact that people who struggle with reading and writing are more often unemployed, more often make use of healthcare and when they do have a job, it often pays little money, the foundation said, according to NOS.
After years of a budget deficit, the Dutch government managed to achieve a budget surplus in 2016. And that surplus is even 14 times larger than previously expected - a massive 2.9 billion euros, according to Statistics Netherlands on Friday. The Dutch economy also gew more than expected in previous estimations, RTL Nieuws reports.
Unemployed over 55-year-olds are still less likely to find work than their younger counterparts, according to figures Statistics Netherlands released on Friday.
Last year 7 percent of unemployed over 55-year-olds found work within three months. That is more than in previous years, but still less than younger age groups. In the age group 15 to 35 year olds, a third found work within 3 months. Among 35 to 55 year olds, one in five did so.
About 138 thousand Dutch twenty-somethings have no job and are not following any form of training, according to education organizations MBO Raad and NRTO. The groups are very concerned that these young adults will fall by the wayside, ANP reports.
"If we do nothing, this group will be the next lost generation, condemned to be on welfare until their retirement", Tom Heerts, chairman of the MBO Raad, and Hans Hillen, Charman of NRTO, said.
Amsterdam more than reached its goal on helping unemployed people in the city find work last year. In 2016 a total of 5,927 Amsterdam residents on welfare went back to work. The target was 4,200, the city announced in a press release, AT5 reports.
The city also guided more than 6,900 unemployed young people into training or work and another 4,500 long-term unemployed Amsterdam residents now volunteer or have meaningful daytime activities, according to the press release.
Long-term unemployment in the Netherlands decreased in 2016 for the firs time since 2009, Statistics Netherlands announced on Monday. There was even a decline among older workers, though the decrease was less significant than among younger age groups.
If the European Union falls apart, the Netherlands would face severe consequences, according to Rabobank. The Dutch economy will shrink by 10 to 15 percent, unemployment will double and welfare will remain structurally lower than when the Netherlands was part of the internal market. Should the EU stay together, but the Netherlands decides to step out, the consequences would be even more disastrous, the bank predicts, RTL Nieuws reports.