ifo Employment Barometer Rises (September 2021)
German companies are hiring more and more new employees. The ifo Employment Barometer climbed to 104.3 points in September after measuring 103.6 points in August. This is its highest value since October 2018. The progressive easing of restrictions in many industries is fueling steady growth in employment.
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In manufacturing, the Employment Barometer actually fell a little. The electrical and electronics industry and manufacturers of machinery and equipment are nevertheless planning to increase their workforce. Among service providers, the figure rose significantly. The IT sector is also planning to hire large numbers of employees. In August, the hospitality industry was marked by a great deal of caution, but this has now given way to a certain confidence. In trade, the slightly positive trend for new hires is unchanged. In construction, the good economic situation is reflected in significantly expanded employment plans.
ifo Employment Barometer Germany
(Index, 2015 = 100, seasonally adjusted)
| 09/20 | 10/20 | 11/20 | 12/20 | 01/21 | 02/21 | 03/21 | 04/21 | 05/21 | 06/21 | 07/21 | 08/21 | 09/21 | |
| Barometer |
Source: ifo Business Survey.
© ifo Institute
ifo Employment Barometer by Sector
(Balances, seasonally adjusted)
| 09/20 | 10/20 | 11/20 | 12/20 | 01/21 | 02/21 | 03/21 | 04/21 | 05/21 | 06/21 | 07/21 | 08/21 | 09/21 | |
| Manufacturing | |||||||||||||
| Service Sector | |||||||||||||
| Trade | |||||||||||||
| Construction |
Source: ifo Business Survey.
© ifo Institute
