Home / Knowledge / News / Textiles / Job growth still high, but slowing down

Job growth still high, but slowing down

28
Mar '08
According to preliminary figures published by Statistics Netherlands, there were 7.8 million paid jobs in the Netherlands in the fourth quarter of 2007. This is an increase by 170 thousand relative to one year previously. The growth is less substantial than in the previous quarters.

Job growth 2007 mirrors latter half of the 1990s:
The current job growth began in the first half of 2005 and accelerated until mid-2007. With 2.7 percent, job growth reached a peak in the second quarter of 2007. Subsequently, the growth rate slowed down a bit to 2.5 percent in the third quarter and 2.2 percent in the fourth quarter. The growth by more than 2 percent in the fourth quarter of 2007 is still robust.

Over the entire year 2007, job growth averaged 190 thousand (2.5 percent) relative to 2006, the highest growth measured so far in the twenty-first century and similar to the latter half of the 1990s, when the annual job growth approximated 200 thousand.

Highest growth for business service providers:
The increase in the number of jobs by 190 thousand in 2007 was spread across all sectors. With 88 thousand extra jobs (6.2 percent), the sector business services topped the list. The majority of extra jobs were temp jobs.

If the economy is booming, employers initially tend to hire temp workers to fill their vacancies. These jobs are counted as temp jobs and temp workers are not included in the workforce of the company they work for. The marginal slowdown in job growth in the latter half of the 1990s is mainly due to a reduction in the growth of the number of temp jobs.


Interviews View All

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search