DEN HAAG, Netherlands (AP) – There were more job vacancies than job seekers in the Netherlands in the second quarter of the year as the economy grew 3.1% compared to the previous quarter, the country’s statistics office reported on Tuesday.
It was the first time job vacancies exceeded unemployment since the Bureau of Statistics began measuring so-called tensions in the labor market in 2003.
According to government statisticians, there are 106 jobs for every 100 unemployed. At the end of June there were a record 327,000 job vacancies, with unemployment falling to 3.3%.
The Dutch economy grew by almost 10% year-on-year when the coronavirus pandemic slowed years of growth.
The economic recovery was fueled by consumers spending more when shops, cafes and restaurants reopened after the lockdown, while the government spent heavily on education and health care – including the country’s vaccination campaign and COVID-19 testing.