The labor market is stagnating, the seasonality of labor demand is becoming more pronounced

first_imgThe OVI index in October indicates relatively similar levels of labor demand as in previous periods, both on an annual and monthly basis. Compared to October 2018, the index fell by 0,5 percent, while the seasonally adjusted values ​​of the index indicate an increase compared to the previous month of 1,2 percent – this stagnation in labor demand is in line with the general slowdown in economic momentum.If we look at a longer period, the seasonally adjusted values ​​(and trends) of the index show that job ads, after sharp growth until 2018, have been stagnant for almost two years, the Institute of Economics Zagreb points out, adding that apart from stagnation, everything is visible. greater oscillation of labor demand around trend values ​​- labor demand due to the tourist season is becoming more pronounced. NEXT YEAR 30.000 PERMITS FOR FOREIGNERS IN TOURISM “Although it may be too early to say that the Croatian labor market is transforming in the direction of stagnant labor demand with an increasing share of jobs with fixed-term contracts, the fact that in the last two years we have not seen a significant increase in job advertisements. two years record in terms of the share of fixed-term contracts in total demand, supports such a conclusion ” emphasize from the Institute of Economics Zagreb.center_img This interpretation is supported by the fact that almost half of the required jobs are offered with fixed-term contracts, while ten years ago this type of employment modality accounted for 20 to 25 percent of the demand for work in published online ads. RELATED NEWS:last_img read more