The growth of jobs in the Dutch labor market is projected to decelerate through 2027, according to the Dutch benefits agency UWV. This slowdown is attributed to a combination of economic uncertainty and persistent labor shortages.

Between 2024 and 2027, the Netherlands is expected to see an increase of approximately 100,000 jobs. This is a significant decrease compared to the 300,000 jobs added between 2022 and 2024, and even more so when compared to the 600,000 jobs created between 2020 and 2022.

The UWV identifies several factors contributing to this decline in job growth. Declining economic growth, uncertainty related to international trade policies, and ongoing staff shortages are key drivers. These issues are leading to reduced investment by businesses, which subsequently impacts job creation.

Rising labor costs, coupled with more expensive transport and raw materials, are also contributing to the slowdown. Employers are exhibiting caution, particularly in sectors such as the chemical, electrotechnical industries, transport, and storage.

However, some sectors are expected to continue experiencing growth in demand for staff. Healthcare and hospitality are among the industries where job opportunities will likely expand. Increased wages are giving people more disposable income, which benefits the hospitality sector.

Currently, a significant portion of Dutch businesses, around two-thirds, are facing staff shortages. Bars and restaurants are particularly struggling to attract permanent employees.