Jobless total rising for a year, youth employment hardest hit
Thursday 19 July 2012
The Dutch unemployment rate rose to 6.3% in June, marking a year of steady increases, the national statistics office CBS said on Thursday.
In June 2011, the jobless rate was just 5%.
Youth employment has been hardest hit, with the unemployment rate for the under 25s rising from 9.3% to 12.2%, the CBS said.
The FNV trade union federation's youth wing said earlier on Thursday youth unemployment may be twice as high as the official figures show because many youngsters do not register as job seekers. This is because they are not entitled to benefits.
Despite rising unemployment, the consumer confidence index recovered slightly last month, and is now on -32, the CBS said. In May, the index hit a record low of -40.
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Youth unemployment at very least twice the average figure and rising. Truly sad situation and zero faith in TPTB to do anything about it. What chance of setting themselves up for a future (savings, pensions etc)? How long before they take to the streets? How long before someone starts to give a s***? Get long on tear gas and batons.
By Dr Ponzi | 19 July 2012 2:26 PMWhy is that the youth unemployement is the hardest hit? It tough being young fresh out of university without a job? The government should promote some growth along with austerity.
By sid | 19 July 2012 3:34 PMIn order to reduce the unemployment rate the industry has to speed up. It won't do so as long as the breaks are on. The breaks are in general rising work costs, taxes, fees, drastic cuts and savings. This is not the way for Europe to go to fight the crisis. Worldwide competitive industry must be created through real development, not creative book keeping.
By kar | 24 July 2012 7:48 AMKar: Unfortunately the EU, US and even China are trying to resolve this crisis with some very creative bookkeeping with only creates more problems. Everyone knows how easy it was to not question the numbers when Greece was allowed into the EU using their own creative bookkeeping. This habit seems to have become the everyday norm for many countries and no one knows how to fix it now without completely collapsing their own country's economy.
By Bryan | 24 July 2012 12:58 PM