Federgon releases quarterly report
However, confidence indicators have shown a rather unexpected decline at the end of the quarter. Economic growth has slightly stimulated employment, which increased by 6,400 units a year apart. But, due to a larger increase in the labor force, the unemployment rate rose 0.2 percentage points. Positive element to pin: temporary unemployment has dropped sharply (-39.2%).
"Consider a labor market still hesitating momentarily. Forecasts for growth in the short and medium term remain moderate, implying a vigorous recovery is not felt more in the labor market at the moment, "says Paul Verschueren, Director Research & Economic Affairs at Federgon . "This does not preclude that the improvement in the economy is gradually revealed on the HR market, including services through a slight increase in the number of vacancies."
Services sectors Federgon
The acceleration of growth has gone hand in hand with an increase in temporary activities. The demand for temporary workers has increased substantially, both on an annual or quarterly basis. After the recovery already observed in the segment of workers in previous quarters, the volume of activity has also registered an increase for the first time in 2 years in the segment of employees in Flanders and Wallonia.
The demand for more specialized sourcing has had a positive influence on the activity in the sector projectsourcing (6.8%) and interim management (8.2%). Private companies service vouchers recorded in the first quarter growth of 6.4% in terms of volume of activity, contrary to the overall market trend.
Other activities have experienced a rather difficult beginning of the year. Offices Recruitment, Search & Selection saw their business decline (-6.3%). On the other hand, the elimination of certain incentives influenced the activity of private training providers (-7.0%). Finally, the number of Outplacement slightly decreased on an annual basis (-1.3%) however, the meter still showed again at the end of Q1 4800 near accompaniments started.