Less substantial increase temp hours
Turnover in the temp sector is strongly related to the number of temp hours. The number of hours worked in both short-term and long-term temporary employment contracts increased in Q3.
In long-term temporary contracts, e.g. secondment and pay-rolling, the number of hours was up by 0.4 percent in Q3 2017, versus 2.6 percent in Q2. This number has risen almost continually since 2012. Hours worked in short-term temporary contracts also increased by 0.4 percent in Q3. This growth is also less substantial than in the preceding quarter, when the highest increase in almost 7 years was achieved (4.6 percent).
Labour market improves further in Q3
The number of jobs rose by 51 thousand in Q3 2017 relative to the previous quarter. In each of the last four quarters, the number of jobs rose by more than 50 thousand. As a result, year-on-year growth was 223 thousand. Again, temp agencies showed the most substantial growth (80 thousand). In addition, the year-on-year increase of employees with a permanent contract was the highest since early 2009.
The number of unfilled vacancies grew by 9 thousand in Q3 relative to the previous quarter. Lastly, unemployment (ILO definition) fell by 25 thousand.