5,496 job opportunities were published, which meant a monthly increase of 1.1%, when the average in relation to January is a decrease of 5%.
February registered the historical maximum for this month in terms of employment opportunities published in Uruguay, while at a general level stable growth is maintained in the global labor demand.
February is a historically low month in labor demand: Whether because it is a short month, due to the incidence of carnival holidays and due to the seasonality of many sectors of activity in the country, the volume of job opportunities tends to decrease. In fact, the average compared to January is a drop of 5%.
However, the last Labor Monitor of Advice registered a milestone for the past month: with 5,496 employment opportunities published in the job portals and media surveyed by the consulting firm to prepare its report, there was an interannual increase of 1.5%, while at a monthly level – compared to January of this same year—the increase was 1.1%. The recorded result is maximum historical value for February.
Although the data is aligned with the monthly average of job vacancies published in the last ten months, the significant thing is that this is an unusual behavior in the Uruguayan labor marketwhile the second month of the year presents historically low labor demand.
“The growth recorded this year is only unprecedented in the post-pandemic: The last time a positive variation was recorded in February compared to January was in 2021, when the labor market was recovering. dynamism after the impact of 2020,” said the Advice Labor Monitor, to give greater dimension to the importance of the recorded situation.
Unusual growth
Likewise, the report compares the demand for January and February considering the average number of job opportunities published per day, with the aim of neutralizing the effect of the difference in days on the calendar between both months. In this analysis, the growth compared between the second and first months of 2024 amounts to 8%.
He “unusual growth” for February it was due to the “early reactivation of the majority of activity groups that have a seasonal decrease in selection processes in the summer months,” said the consultant. Among the activity groups that increased their demand for personnel and that was recorded by the survey, those of Information Technologies, Education, Logistics and Transportation and Engineering and Trades.
Regarding the balance of first two months 2024, job demand maintains a positive difference of 2.8% compared to the same period in 2023. “In the first two months of the year, 10,931 employment opportunities were published, which is 316 less than those published in January – February last year,” concluded Advice, who also considered that “this is a time of year highly influenced by seasonal factors,” as well as that “compared to the same period in previous years, demand has remained relatively stable.”
Source: Ambito
