The clothing brand Supreme sells many products in a limited edition. Because the demand is much greater than the supply, there is a real run on Supreme’s products. This creates a huge resell market and gives the brand an exclusive image. As soon as an item in the store is sold out, the value of the products immediately increases. Sometimes limited products are sold afterward for more than 30x the original value. Ready for action? I hope I was able to inspire you with the 5 examples above. And guess what? Factors such as aging and participation also play a role. Where previously in certain sectors it was possible to draw on an ample labor market, this has now shrunk by a third due to the aging population.
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The tightness in the labor market continued to increase in the fourth quarter of last year. Where it was already difficult to find good new employees, the challenge has only increased. Reason enough to take a closer look at your recruitment method. What can you do in 2022 to attract that ideal candidate? Overview of the current labor market But first, enter the data. Because what is ther current Colombia Phone Number state of the labor market? And what does this mean for local authorities? We list all the facts and figures for you. At the end of December, the number of unfilled vacancies rose to 397,000. The number of vacancies is higher than the number of unemployed. There are 105 unfilled vacancies per 100 unemployed. Unemployment has fallen to an unprecedented low. With 370,000 unemployed at the end of December 2021, we reached the lowest number of unemployed since 2003.
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Chart of open vacancies and unemployed labor force via CBS. Source: CBS, Tension in the labor market The end of the shortage is not yet in sight… So much for the current situation on the labor market. But what next? Will this run loose in 2022? Unfortunately not. This article by Werf& shows that the end of the shortage is not yet in sight. In addition to the large amount of vacancies and the record depth in unemployment, the ‘untapped potential’ is also falling. These are the people who want to work (more) but are unable or unable to do so. Factors such as aging and participation also play a role. Where previously in certain sectors it was possible to draw on an ample labor market, this has now shrunk by a third due to the aging population. In addition, labor participation has risen sharply. More and more young people, the elderly and women are working.