The recovery of the labour market set off ? 2010-09-29

The recovery of the global labour market, the first signs of which have been already noticeable during the first quarter, has continued even more sharply in the second quarter. Both in terms of jobs and volume of work, a growth has become apparent year by year since the start of the financial and economic crisis. However this growth is still determined to a great extent by the reduction in economic unemployment (volume of work), the resurgence of the temp sector (both jobs and volume of work) and the still continuing growth in the sector of service cheque activities (both jobs and volume of work). 
Particularly compared to the first quarter of 2010, the strong increase of the volume of work in full-time equivalents (+70.000) catches the eye, which can be explained in great measure by the more limited use of the temporary unemployment system (both by the recovery of the production in a number of industrial sectors and the new start in the construction and related sectors following the exceptional weather conditions in the first quarter). 
Nevertheless the volume of work in the secondary sector is still a much lower level than during the second quarter of 2008 (more or less -10%) owing to the reduction in the number of manpower (following restructuring, the discontinuation of temporary contracts, the cutting down of recruitments,...). In certain parts of the service sector also ("Transport and storage", " Information and communication" and "Financial activities and insurance") the effects of the financial and economic crisis remain still apparent.

The developments at a global and sectoral level that are described in the brochure "Rapid estimation of wage employment" are net developments. In the recently published report "Jobcreatie en - destructie tijdens de crisis", the evolutions noticeable with the individual enterprises underlying these net developments have been examined. This report drawn up by Karen Geurts, head of research at the HIVA - K.U. Leuven, has been realised in collaboration with the Directorate for Statistics of the National Social Security Office (NSSO).

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