At the end of September 2013, there were 94 thousand unfilled job vacancies, 3 thousand more than at the end of June. This is the first increase in job vacancies in two years. The increase is mostly due to the private sector. The demand for personnel increased most notably in commercial services. At the end of September, there were 86 thousand unfilled job vacancies in the private sector and 8 thousand in the public sector. Vacancy figures are adjusted for seasonal variation.
The number of vacancies per one thousand jobs, the vacancy rate, is an indicator for the tension on the labour market. The vacancy rate stood at 12 at the end of September, the same as at the end of June.
In the third quarter of 2013, the labour market was less dynamic than one year previously; 159 thousand new vacancies were created, i.e. 5 thousand fewer than one year previously. There were also 162 thousand filled vacancies in the third quarter, a reduction by 13 thousand relative to the third quarter of 2012.
Job vacancies, seasonally adjusted
Vacancy indicator: further improvement in December
The vacancy indicator provides a quick indication of the trend in job vacancies in the private sector. The indicator improved further in December and reached the highest level in thirty months. Nevertheless, pessimism still prevails among private entrepreneurs.
More figures can be found in dossier Business cycle.For more information on economic indicators, the reader is referred to the Economic Monitor.