Congestion in the labor market seems to have passed its peak: The number of open positions fell for the first time in two years. Unemployment is also increasing slightly, according to the Dutch Statistical Institute.
At the end of September, about 450,000 jobs were vacant, 17,000 less than at the end of the second quarter. Although more than 128,000 people were still missing, fewer were sought, especially in retail and gastronomy.
Despite the decline, there is still tightness in the labor market, meaning there are more open positions than the unemployed. For example, bottlenecks in the healthcare, transportation and storage, and education sectors actually increased slightly compared to the previous quarter.
To examine deficiencies in the labor market, Statistics Netherlands examines the number of open positions per 100 unemployed. You can currently choose from 121 job offers:
The Dutch Statistical Institute examined not only the number of open positions, but also the number of available positions. This is still increasing, especially the self-employed are filling up more and more often. There are fewer jobs in the temporary job sector.
The number of employees with flexible contracts decreased by approximately 100,000 compared to the previous quarter. The main reason for this is that they have entered permanent employment.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
