Turnover temp agencies continues to rise
More hours worked in long-term, fewer in short-term employment contracts
Turnover in the temp sector is strongly related to the number of temp hours. The total number of temp hours increased by 1.4 percent in Q1 2017 relative to the preceding quarter.
The number of hours worked in long-term temporary employment contracts, e.g. secondment and pay-rolling, increased by 3.5 percent in Q1 2017 and has risen almost continually since 2012. The number of hours worked in short-term temporary contracts, on the other hand, rose by 0.8 percent in Q1. In the preceding three quarters the increase had slowed down.
Labour market improves further
The number of jobs rose by 56 thousand in Q1 2017. Again, temp agencies showed the most substantial growth (19 thousand). The number of outstanding vacancies has grown by 13 thousand in Q1, the most substantial quarter-on-quarter growth in more than 10 years. Unemployment fell by 23 thousand.
- Dossier - Business Cycle