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Netherlands - Vacancies and prospects up

15 August 2014

Vacancy numbers in Q2 2014 were up +18.7% year-on-year at 108,000 (seasonally adjusted) the Central Bureau of Statistics (CBS) announced yesterday. This is the fourth quarter rise and +17,000 greater than a year ago.

Commercial services contributed most in real terms to the increase up +21.4% at 68,000 due to increased spending in the retail sector.  Business services was also up +25.0% with 20,000 vacancies currently. In other sectors, the number of vacancies has hardly changed.

The Number of vacancies, seasonally adjusted is as follows:

 

According to the CBS this indicates a greater dynamism in the labour market. However, as they point out, an increase in the number of vacancies will not immediately lead to a decrease in unemployment. For some jobs it can often be difficult to find a suitable candidate.

This news comes as the Netherlands bucked the general European trend of zero growth with a GDP increase of + 0.5% in the second quarter. This was mainly due to exports which have shown an increase in both quarters of 2014, the CBS said.

In the first quarter ,exports grew +2.7% compared with a year earlier. In the second quarter of 2013 the figure was +2.9%. Investments also increased by +1.1%, compared with +5.1% in the second quarter of 2013. However, investment in construction and infrastructure in particular lagged behind, according to the CBS.

As we reported yesterday, the broadly shared view of a recovering economy will boost demand for temporary staff in the coming years according to ING’s Economics Department. According to the bank, revenue on the domestic temporary employment market will increase by an annual +4%  in 2014. Increasing demand is expected to prompt a revenue growth of +6% in 2015.

The recovery in the staffing sector is a direct consequence of better results in the industrial and transport sectors, which are mainly driven by growing exports. Thanks to a reviving labour market and the expected economic recovery in 2015, the sector will continue expanding for now, ING said, adding that staffing firms will primarily rely on temporary workers. This does not immediately mean more work for the temporary employment sector as self-employed also fall into this category.

To read the full CBS report in Dutch, please click below:

application/pdfDutch Numbers.pdf 826.26 kB

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