The economic growth for 2016 and 2017 is estimated at 2.9 per cent and 3.4 per cent (calendar-adjusted). This growth is driven by domestic demand.
The labor supply (16-64) will increase by 102,000 during 2016 and 2017.
Youth unemployment continues to decline. But young people with inadequate education will continue to be difficult to find work.
In 2017 pass percentage of unemployed registered with the vulnerable position in the labor market 75 per cent of all registered unemployed. (These groups included non-European born, the unemployed aged 55-64, unemployed people with disabilities that means reduced work and unemployed with at most lower secondary education.)
In October 2015 had 120,000 of the unemployed registered a level of education corresponding to a maximum elementary school. The number is expected to increase in the future.
The jobs increased mainly in the private and public services.
There will be many jobs in those parts of the private services that are dependent on household consumption, such as trade, hotels and restaurant.
The three metropolitan regions are expected to collectively continue to show stronger job growth than the rest of the country.
Source: Employment Service
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