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Limited recovery in the labour market 2015-01-22

The negative tendency of the employment rate in the period 2012-2013 has during the first six months of the year 2014 come to a complete standstill. Nevertheless the economic growth during the third quarter of 2014 still remains too limited in order to permit a real upsurge of the labour market. Compared to the same period of 2013 the salaried employment rate has barely changed in the third quarter of 2014, such as it appears from the statistics of the NSSO.

On September 30th 2014 the total number of jobs was 0.3% higher than a year before. Also the volume of labour has only risen by 0.3% during the third quarter of 2014 compared to the third quarter of 2013.

The global image remains the one of a partly improving labour market, which is characterized by a rise in the use of temporary agency work but which is also confronted with the effects of restructuring (amongst others in industry and in the financial services sector) and of a shrinking of the government budgets (amongst others in the building industry and in public administration).

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