BR100 Increased By (0.39%)
BR30 Increased By (0.47%)
KSE100 Increased By (0.99%)
KSE30 Increased By (1.19%)
AGHA 6.50 Increased By ▲ 0.18 (2.85%)
BECO 4.40 Increased By ▲ 0.13 (3.04%)
BML 62.45 No Change ▼ 0.00 (0%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.81 Increased By ▲ 0.22 (1.9%)
CSIL 5.95 Increased By ▲ 0.23 (4.02%)
FCCL 61.30 Decreased By ▼ -0.24 (-0.39%)
FFL 14.88 Decreased By ▼ -0.14 (-0.93%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.29 Increased By ▲ 0.03 (0.48%)
KOSM 6.02 Increased By ▲ 0.46 (8.27%)
LOTCHEM 24.93 Increased By ▲ 0.25 (1.01%)
MLCF 104.32 Increased By ▲ 0.24 (0.23%)
NBP 174.80 Decreased By ▼ -0.48 (-0.27%)
NCPL 52.85 Increased By ▲ 0.08 (0.15%)
NPL 54.57 Increased By ▲ 0.45 (0.83%)
OGDC 319.01 Increased By ▲ 5.62 (1.79%)
PACE 9.40 Increased By ▲ 0.20 (2.17%)
PAEL 35.70 Decreased By ▼ -0.10 (-0.28%)
PIBTL 13.87 Increased By ▲ 0.40 (2.97%)
PPL 229.00 Increased By ▲ 7.19 (3.24%)
PRL 81.10 Increased By ▲ 2.02 (2.55%)
PTC 47.15 Increased By ▲ 0.30 (0.64%)
SSGC 24.14 Increased By ▲ 0.27 (1.13%)
TBL 9.25 Decreased By ▼ -0.06 (-0.64%)
TELE 7.53 Increased By ▲ 0.14 (1.89%)
TPL 24.94 Decreased By ▼ -0.17 (-0.68%)
TPLP 12.95 Increased By ▲ 0.44 (3.52%)
TREET 26.15 Decreased By ▼ -0.10 (-0.38%)
TRG 53.90 Increased By ▲ 0.46 (0.86%)
World

Unemployment jumps in Netherlands as pandemic hits young workers

The unemployment rate rose to 3.4pc in April from a near record low of 2.9pc in March, the CBS said in a statement.
Published Updated
By
  • The unemployment rate rose to 3.4pc in April from a near record low of 2.9pc in March, the CBS said in a statement.
  • The number of applicants for unemployment benefits in April rose nearly 17pc versus March and was up 13pc year on year, the CBS said.

AMSTERDAM: 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 3.4pc in April from a near record low of 2.9pc in March, the CBS said in a statement.

The number of applicants for unemployment benefits in April rose nearly 17pc versus March and was up 13pc 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.

The number of cases of the coronavirus rose by 108 to 44,249 on Tuesday, with 21 new deaths. The death toll in the Netherlands stood at 5,715, national health authorities said.

Comments

Comments are closed for this article.