October 28, 2020

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The job growth of the past two years was wiped out in one fell swoop NOW

The job growth of the past two years was wiped out in one fell swoop NOW

The number of jobs in the Netherlands decreased by 322,000 (3 percent) in the second quarter. An unprecedented decline, the Central Bureau of Statistics (CBS) reported on Friday.

“That figure still gives a flattering picture of employment trends as the corona crisis has made it impossible to work or work less in some occupations,” says the CBS.

The total number of hours worked, which says more about the current situation in the labor market, was 6.1 percent lower in the second quarter of this year than in the first three months of the year. Such a decline has never happened before.

“The total number of jobs, both employed and self-employed, was 10.5 million,” according to the CBS. According to the statistics office, the decline of 322,000 jobs has wiped out the employment growth of the last two years in one fell swoop.

The number of employees fell by 4 percent

The number includes all jobs, both part-time and full-time. “The figures include the jobs of people who cannot work or work less because of the corona crisis, but are still paid,” explains Statistics Netherlands. This is possible during the corona crisis thanks to government NOW wage support.

The number of employees fell by 334,000, almost 4 percent. Incidentally, there was growth among the self-employed with twelve thousand jobs. The blows were mainly due to flex work: temporary and on-call workers and those on fixed-term contracts.

“The number of jobs in the temporary employment agencies fell by 130,000 from the first to the second quarter, which corresponds to a decrease of 17 percent.” Another 150,000 jobs were lost in retail, transportation, business services, and especially the hospitality industry. Some jobs were only created in government and in information and communication.

The shrinkage of flex workers is killing the growth of permanent and self-employed

The number of flex workers in the second quarter was 272,000 fewer than twelve months ago. “The number of permanent employees and the number of self-employed was higher than in the previous year,” said the CBS. For the first time, the decline in the number of Flex employees was greater than the increase in the number of permanent and self-employed. The latter group grew, but overall the number of people in employment decreased from year to year.

Statistics Netherlands previously announced that the number of unemployed is also growing at an unprecedented rate as a result of the corona crisis. At the end of June the number was 404,000, which is 4.3 percent of the workforce.