The unemployment rate fell much more than expected in October and demand for job protection schemes kept declining as the labour market continued to recover from the first wave of the coronavirus pandemic. The number of people out of work fell by 35,000 in seasonally adjusted terms to 2.863 million. The unemployment rate eased to 6.2% in October from 6.3% in the previous month. The surprisingly strong data suggest household spending should support growth in the fourth quarter, though a partial lockdown to break a second wave of infections is likely to hurt consumption.
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For more information, please contact Paul de Beer or Oana Ciuca or Sjaak van der Velden, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org.
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