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In the year since December 2013 the ABU-Marktmonitor, compiled by the Dutch Federation of Employment Agencies (ABU), has shown signs of cautious optimism. The indicators suggest that the Dutch economy is shifting from the recession into a recovery phase.
The labour market is strongly influenced by the economy and unfortunately there was a slight increase in unemployment during the year since December. Economists at some of the largest banks in the Netherlands are forecasting that unemployment will rise further in 2014.
Nevertheless, the total number of jobs available increased slightly, quarter-on-quarter, during Q4 2013 for the second consecutive quarter.
In the industrial sector there was a fall of -3% in the number of hours worked during 2013, while revenue remained relatively flat, compared with 2012.
The administrative sector reported a fall of -1% in the number of hours worked during 2013, while revenue remained on par with 2012. Since the eleventh period last year (November) this segment has shown positive developments.
The technical sector reported a fall of -5% in the number of hours worked in 2013, compared with 2012, while revenue fell by -3%, year-on-year.
During the fourth quarter of 2013, ABU’s staffing index was 107, against a base level of 100 set in 2010, compared with an index of 106 for Q3 2013 and an index of 103 for Q4 2012. The ABU staffing index was at its lowest since Q1 2011 during Q4 2012 and Q1 2013.
To read the full report (in Dutch) please click here.