Is job creation dying out?
The number of new jobs in the second quarter of 2016 hits a 2-year low
This article is part of K Quarterly # Issue 1 / November-January 2017. Contact us for subscription options on firstname.lastname@example.org
Even though the number of employees keeps rising, the first half of 2016 shows a slowdown of job creation. The number of new employees in the second quarter of 2016 is 22 200, which is the lowest since the beginning of 2014 when the post-crisis recovery of the labor market kicked off. In the first quarter of 2016, the number of new employees was not much higher either - 25 300. In fact, the first half of 2016 is the worst half year in terms of job creation since the upturn of the labor market two years ago.
* Desislava Nikolova, Chief Economist, Institute for Market Economics
 The data quoted here refer to the sector of "Creating and distribution of information, creative products; long-distance communication". Yet, the IT industry (and mostly software development), which is a part of this wider branch, has been the main driver of job creation in the sector over the past couple of years.
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