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The Dutch labour market is pick up again after years of decline, but the recovery for the staffing industry remains fragile, according to ManpowerGroup.
According to Jilko Andringa, managing director for Manpower Netherlands, a cautious stabilization is probably the best description of the current situation, “as the Dutch labour market saw a contraction of -3% of jobs in the last two quarters”. Nevertheless, the Dutch staffing industry see encouraging signs coming from the transport, storage and communications sectors. By contrast, according to ManpowerGroup sentiment is still gloomy in agriculture and financial services; the number of jobs in the first quarter of 2014 in these sector is expected to decline by -6% and -7%, respectively.
“This shows how fragile the labour market is and that it is not likely to change significantly anytime soon. But if the current trend continues, we can finally start thinking about recovery", according to Andringa.
Entrepreneurs’ sentiment varies greatly depending on the region. In the east of the country, a slight increase in the number of jobs in Q1 2014 is expected (1%). But in the west and south, the sentiment remains negative: the number of jobs is expected to drop by -3% and -2%, respectively.
The economy in Northern Netherlands is finally showing signs of growth. “This is not so much the case in the west, but employment can easily improve again as the economy picks up further. The fluctuations in the regions are smaller compared to the previous quarter, which is beneficial, "adds Andringa.