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OVI for July 2018: Significant slowdown in demand for work – in the Adriatic, as many as 32 percent fewer waiters are in demand

first_imgAlthough OVI recorded a growth of 2018 percent in July 10,8 compared to the same month last year, this is the smallest increase in the last three years, which indicates a significant slowdown in labor demand, according to OVI data in July, and prepared by the Zagreb Institute of Economics.Seasonally adjusted index values ​​offer the same conclusion as the seasonally adjusted index fell 11,8 percent in July, the biggest drop on a monthly basis in 16 months. The slowdown may come from the tourism sector, given that, according to initial data, the July season did not meet all expectations.Thus, the demand for the traditionally most sought-after service occupations in the Adriatic counties in July 2018 compared to July 2017 fell or stagnated: the demand for vendors is almost identical, the demand for chefs fell by 6,6 percent, while the demand for waiters fell by as much as 32 percent. In contrast, central Croatia, which includes the City of Zagreb and Zagreb, Varaždin, Krapina-Zagorje, Međimurje, Sisak-Moslavina and Karlovac counties, recorded a 13 percent increase in labor demand compared to the same month last year, primarily for workers’ occupations. in manufacturing, computer scientists, hairdressers and nurses.The Online Vacancy Index (OVI) is a monthly index of online job vacancies developed at the Institute of Economics, Zagreb in cooperation with the MojPosao portal. The purpose of the index is to provide timely information on the current state of labor demand. The OVI index is created by simply counting the number of unique new ads whose application deadlines end in the month for which the index is calculated. Since ads published through only one portal are taken, the number of ads is expressed as an index (base year is 2015).The index is interpreted as meaning that values ​​greater than 100 represent an increase compared to 2015, and values ​​less than 100 decrease compared to the base year. The index was seasonally adjusted by the X-12-ARIMA method.last_img read more