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Slowing down of the growth noticeable on the labour market 2012-01-11

Rapid estimations of employment – Third quarter of 2011

The economic slowing down of the growth that has started in the second half of 2011 is also already perceptible on the labour market. In the third quarter of 2011 a growth of the employment by 36.000 jobs (+ 1.0%) can still be registered and the work volume expressed in fulltime equivalents progresses by 43.500 units (+1.5%) compared to the third quarter of 2010, but this growth rate on an annual basis is smaller than the one of the preceding quarters.

The growth of the employment on an annual basis is still present within the 3 important sections of the labour market, i.e. "Industry and construction", " Commercial provision of services" and "Non commercial provision of services", but only in “Industry and construction” the increase in jobs was in the third quarter of 2011 stronger than during the second quarter of 2011.

In the third quarter of 2011 the work volume expressed in fulltime equivalents in the temp sector was only 8% higher than during the third quarter of 2010. In the second quarter of 2011 the growth on an annual basis still represented a rate of 15%. The growth in jobs has in the course of the third quarter of 2011 even come to a complete standstill. The temp sector is thus one of the first sectors to react traditionally to a downswing in the economy.

The employment in the “public sector and education” equally shows a downward tendency from the beginning of 2011 onwards. The decline rate amounts in the third quarter of 2011 to more or less -1% compared to the third quarter of 2010. This decrease can be perceived among the general public services as well as within the autonomous public enterprises (“Transport and storage” and “Information and communication”).

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