Also in August, the labor market in Germany remains robust, although the weakening economy leaves him completely unaffected. And yet still people are wanted, also apprentices.
“We are in the midst of an economic downturn, which stems from the world economy and meets Germany with its strong export-oriented manufacturing sector”, sagtEnzo Weber from the Nuremberg Institute for labour market and occupational research (IAB)compared to the DW. “Accordingly, the labour market is now worse than we were accustomed in recent years.”
In August, the number of unemployed increased compared to July and by 44,000 to 2,319 million people the Federal labour Agency on Thursday announced in Nuremberg. In addition to the usual seasonal increase of economic effects in this year: on a seasonally adjusted basis, the Federal Agency calculated an increase of at least 4000 people without a Job.
Period Of Economic Weakness”
“The phase of economic weakness also leaves the labour market, slight traces, in total, he is shown to be robust,” said Scheele, the Chairman of the Board of the Federal employment Agency, Detlef. Panic did not want to spread Germany’s top-labour market expert: In August, 31,000 people were still fewer unemployed than in August 2018. The unemployment rate rose by 0.1 percentage points to 5.1 percent and was 0.1 points below the previous year’s level. The employment growth to hold on, losing but little of its momentum.
The HR departments in German companies from writing in the face of the economic downturn, less and less new Posts. The employment barometer, the Ifo Institute fell in August by 1.4 to 98.1 points, as the Munich-based economy, said researchers on Wednesday to their survey of 9000 companies. This is the worst level for almost five years.
Crisis in the service sector
In the previously robust service sector, the Barometer fell as strong as last updated in December 2007. “The service providers from the Employment and after,” said the Ifo Institute. “The recession in the industry is reflected with a delay also in the case of the service providers.”
The service sector is less and less robust
In construction the Barometer fell, but planned for further recruitment. In trading, the level of employment remains constant. In the Manufacturing sector, the Barometer rose. “However, the companies that want to reduce personnel tend to continue to be in the majority,” said the Ifo Institute.
Short-time work as an effective tool
“The slowdown is already substantial and the concerns meanwhile in Germany, many farms,” said IAB-expert Enzo Weber of the DW. “But we see also that the labour market is considerably more robust than has previously been the case. That is, we should now be doing everything you can to support the robustness of the labour market, too.” Short-time work was, for example, a well-proven means, specifically in order to support exporting companies during a downturn, so they could keep their people, Weber. “We have rehearsed in the last recession is already sufficient. Therefore, I see good conditions, that we will come through this downturn again.”
The number of Ads for short-time work is increasing, said BA chief Scheele. In August, the Nuremberg-based statisticians registered a slight increase: 45.000 short-time workers, compared to 42,000 in July. “We see the early indicator of short-time work at the time, that it is very difficult,” said Scheele.
The Federal Minister of labour, Hubertus Heil, was in the face of the economic valley relaxed: The labour market was robust, he said in Berlin. “We have the protective screens, and protection of West Germany’s Workers, for example, with the to protect short-time work and to promote future-oriented development”, – stressed the Minister.
Recession coming?
Economists see the situation is not just relaxed. After the Federal Statistical office for the second quarter had we calculated a slight decline in economic output of 0.1 percentage points, is not even ruled out a “technical recession” – which would occur if in the following quarter of July to September had weakened the economic performance compared to the previous quarter.
Consumption as a pillar of the Economy
In addition to the external influences – such as the trade war with the United States weakened markets in China or the Brexit-uncertainties in the UK – particularly the ailing auto industry and their suppliers Provide. Here the power of technological change away from the internal combustion engine is noticeable. The production figures.
New employees demand more
The demand for new employees, moving still at a high level, to give more, said the Federal Agency for work. In August 795.000 work were reported in the BA, is 33,000 less than a year ago. On a seasonally adjusted basis has the stock of the registered with the BA work to 8000 Points is reduced.
The number of employed persons continued to rise and was according to the latest data from the Federal Statistical office in July 45,29 million and were about 14,000 more than in the previous month, compared to the previous year, there were 374.000-employed more.
Overhang in the case of apprenticeships
The Plus is based, according to the BA largely to a higher number of employees subject to social security of employed workers. Overall, the account of the BA had, according to the high in may 33,39 million people a regular Job. Season from may to June, an increase of 11.000 was adjusted.
At the beginning of the training year 2019/2020 a Overhang: will be 556,000 reported training places are 497.000 candidates in the teaching. In August of 157.000 jobs were still vacant, and on the other hand, 134,000 of young people in search of. Especially the master, in craft occupations such as bakers, boiler makers, butchers, in the catering and construction people are still looking for. Too few apprenticeships there are, however, especially in Berlin, Hesse and North Rhine-Westphalia.
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