Dutch unemployment rate falls again, nears record low of 2008

The official Dutch employment rate fell again in September and now stands at 3.7%, the national statistics agency CBS said on Thursday. This is just 0.1 percentage point higher than the record low unemployment rate reached in the second half of 2008, ahead of the financial crisis, the CBS said. Last month 8.8 million people were doing some form of job, while 4.1 million people were not working for a variety of reasons. Around half of the people in work have a part-time job.   More >

More Dutch children in childcare

The number of children in some form of daycare continues to rise as more women in the Netherlands go out to work, according to new social affairs ministry figures. In the second three months of this year, 796,000 children spent part of their days in a creche or after school club, the cost of which was partly paid by the government through special child benefit.This is a rise of 17,000 on the first quarter of this year. Of them, 330,000 babies and toddlers are cared for in daycare centres, 371,000 attended after school clubs and 118,000 are looked after by paid childminders. This growth is matched by a rise in the number of women going out to work, the ministry said. In the second quarter of this year, 63% of women aged 15 to 74 had some form of job, a rise of 1.23 percentage points on the same period a year ago.   More >

Nibud calls for top-up pensions for all

Family spending institute Nibud says that everybody in work, including freelancers and the self-employed, should be required to build up a supplementary pension by law. Without such a measure, an increasing number of people will get into financial difficulty when they are older, Nibud says. The institute research shows that 44% of pensioners who worked for themselves have financial problems. 'People are often too optimistic and would rather spend money than save it for later,' spokeswoman Gabriella Bettonville told broadcaster NOS. 'Given that fact, it would be extremely sensible to help people build up a pension.' While on paper many pensioners are well-off, much of their money is tied up in their own home, Nibud points out. Pensioners are often reluctant to move to release the cash and are too optimistic about how much money they will actually gain, the Nibud research shows. Social affairs minister Wouter Koolmees has asked the unions and employers to work together to find way to reform the current Dutch pension system, which is regarded as one of the best in the world.  More >

30-year-olds earn less than their parents

More than half of people in their 30s are earning less than their parents at the same age - the first time the younger generation has slipped back in decades, according to researchers at Tilburg University and the social affairs ministry. In particular, people in the lowest income brackets are struggling to climb the social ladder, the research shows. The researcher compared the salaries of 35-year-olds today with their parents when they were that age and corrected the results for inflation. The results showed that in 2015, 49% of today's 35-year-olds were better off than their parents had been, compared with 54% in 2005. This is the first time since WWII that the new generation has been in a worse financial position than their parents, researcher Daniel van Vuuren said. The rise of short-term and temporary contracts and the surge in self-employment is further reducing job security and the platform economy will have an increasingly important role, Van Vuuren said. 'Companies are demanding increasingly flexibility from youngsters against less social protection,' he said.   More >