Fewer jobs

24/09/2012 09:30

In the second quarter of this year, 53 thousand jobs of employees (a decline by 0.7 percent) were lost relative to the second quarter of 2011. Employment was down in many sectors relative to one year previously, but declined most dramatically in public administration. On the other hand, employment improved in the sectors trade, transport, hotels and restaurants, in the sector information and communication and in health care and welfare.

Growth rate jobs and economic growth

Growth rate jobs and economic growth

Altogether (full-time plus part-time jobs), there were approximately 7.9 million employee jobs in the Netherlands. Converted to full-time equivalents, there were 5.9 million jobs in the second quarter, 0.8 percent down from the second quarter of 2011.

If seasonal effects are taken into account, the number of jobs in the second quarter was 14 thousand down from the first quarter of 2012.

Wages of employees per working year were 0.7 percent up on one year previously. The wage increase is too small to compensate for inflation in the second quarter of 2012 (2.2 percent).

The figures in this update are adjusted to the second estimate on the number of employees in the second quarter of 2012. They have been revised compared to the first estimate published on 14 August 2012.

 Jobs of employees, seasonally adjusted

Jobs of employees, seasonally adjusted

More figures can be found in dossier Business cycle.

For more information on economic indicators, the reader is referred to the Economic Monitor.