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The growth on the labour market comes to a standstill 2012-07-11

Rapid estimations of employment – First quarter of 2012

At the start of 2012, the growth of the employment rate comes practically to a complete standstill. The growth loses ground both in terms of jobs (+0.1%) and of work volume expressed in fulltime equivalents (+0.4%). This deterioration of the situation on the labour market occurs in the 3 important sections of the labour market, i.e. "Industry and Construction" (-0.2 % in jobs), "Commercial services" (+0.1%) and "Non commercial services" (+0.3 %). The growth of the work volume expressed in fulltime equivalents on an annual basis also drops and this phenomenon is not exclusively due to the impact of the bad weather conditions, which were in the first quarter of 2012 more significant than during the same period of the year 2011.  

The worsening economic trend leads for the first time since the beginning of 2010 to a negative evolution of the employment in the cyclically sensitive labour section “Industry and Construction”, which expresses itself in an even stronger slump in the temp sector. This branch is characterized in the first quarter of 2012 by a decrease of the work volume by more or less 6% compared to the first quarter of 2011 (-8% for the blue-collar workers, -3% for the white-collar workers). Yet the growth rate is also less strong in the less cyclically sensitive sectors than during the preceding years. This applies for example to the sector of the service check activities, which nevertheless still enjoys a reasonable growth (+7% in jobs, +12% in work volume) but equally to the non commercial services. It might be that the budgetary savings policies of the different authorities have an impact here. However the so-called Capelo reform makes it difficult to obtain a clear picture of the evolution of the employment rate in the public sector and the education sector.

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