For many years now the number of people classed as being Economic unemployed has been falling. However, during the final quarter of 2018 and the first quarter of this year the total number of days for which benefits were paid out to those that had been laid off temporarily rose slightly. At 8.8% the rise during the second quarter was more pronounced.
Although the total number of days rose significantly during the second quarter of this year, at 866,163 it is still at its lowest level but one si
An economic indicator
The Federation of Belgian Industry’s Chief Economist Edward Roosens told VRT News that “The rise in economic unemployment is a good indicator of a possible turn around in the labour market. Economic unemployment and employment agency work are always the first to be effected when the labour market starts to become less buoyant”.
"Growth has been slowing down for some time, in Germany it has almost come to a halt and this of course has an impact on economic activity in Belgium. So there are a number of company that are confronted with a lack of work and economic unemployment is always one of the first things that is used in order to address this”, Mr Roosens added.