In July, employment balance and hiring slow down

In July, employment balance and hiring slow down
(Imagoeconomica)

The Veneto labor market experiences a slowdown in hiring in July, especially in the industry sector.

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In July, in fact, the employment balance is positive but lower than last year and hiring records a decrease of -3%.

The decline

In the first seven months of 2026, the balance of private dependent work in Veneto remains positive (+79,600 jobs) and slightly higher than last year (+79,100), despite the slowdown observed in the last two months. The trend in the industrial sector impacts this, in an economic context still uncertain that continues to influence business choices and production dynamics, as explained by the Veneto Lavoro Compass.

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The positive result for the January-July period is driven by services, particularly tourism (+3%), which recorded a further acceleration in the last month. The tertiary sector shows a total increase of 61,100 jobs over the year, in line with the result for the same period in 2025. The increase in labor demand particularly affects, besides tourism, cleaning services (+7%) and the publishing and culture sector (+98%), where the impact is due to the peak in very short-term contract activations linked to film productions recorded in the first half of the year.

Industry

In industry, the slowdown in employment growth (+9,400 dependent jobs compared to +10,800 last year) is almost entirely attributable to construction, which records a balance of +2,800 jobs against +4,700 the previous year, a decline in hiring of 8%. Within Made in Italy, negative balances for the fashion system, while wood-furniture, eyewear, and food industries show slight improvement. In the metalworking sector, the monthly balance worsens and affects the provisional 2026 balance, which returns to last year’s levels.

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