{"id":116343,"date":"2020-08-20T14:03:05","date_gmt":"2020-08-20T12:03:05","guid":{"rendered":"https:\/\/www.erasmusmagazine.nl\/en\/?p=116343"},"modified":"2025-12-19T11:25:01","modified_gmt":"2025-12-19T10:25:01","slug":"young-graduates-hit-hard-by-contracting-economy","status":"publish","type":"post","link":"https:\/\/www.erasmusmagazine.nl\/en\/2020\/08\/20\/young-graduates-hit-hard-by-contracting-economy\/","title":{"rendered":"Young graduates hit hard by contracting economy"},"content":{"rendered":"

With the economy in a slump caused by the coronavirus crisis, unemployment among young graduates and students has increased. \u201cThese are not fun times for young people looking for work\u201d, says the chief economist of Statistics Netherlands.<\/p>\n

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\n\t\n\n<\/svg>\n<\/span>\n\tImage by:<\/span>\n\n\t\t\t\n\t\t\t\t\t\t\tAysha Gasanova<\/a>\t\t\t\t\t<\/span>\n\t<\/p>\n<\/figcaption><\/figure>

As a result of the coronavirus crisis, the Dutch economy experienced an unprecedented contraction of 8.5 percent between April and June this year (the second quarter) compared to the period from January to March. This exceeds all previous records, according to<\/a> Statistics Netherlands.<\/p>\n

The contraction has left its mark on the job market. There are fewer people in paid employment, wrote<\/a> the statistics agency in June. The decrease was particularly pronounced among young people: from 1.4 million employed\u00a0in February to fewer than 1.3 million\u00a0in May.<\/p>\n\n\t

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