ifo Employment Barometer

ifo Employment Barometer Sees a Minimal Decline (December 2022)

The willingness among companies in Germany to hire new staff has dipped slightly. The ifo Employment Barometer reached 99.5 points in December, down from 99.6 points in November. Nevertheless, the employment outlook for the first quarter of 2023 is positive, driven primarily by service providers. Personnel service providers are also optimistic about the coming months.


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In manufacturing, the Employment Barometer fell slightly. Positive and negative responses are roughly in balance. In the service sector, the indicator fell, even though almost all industries are looking for new employees. Only the hospitality industry is expecting layoffs after Christmas. In trade, the barometer made clear gains; however, there will be no increase in employment here for the time being. The same applies to construction.

Infographic, ifo Employment Barometer, December 2022
Infographic, ifo Employment Barometer by Sector, December 2022

ifo Employment Barometer Germany

(Index, 2015 = 100, seasonally adjusted)

  12/21 01/22 02/22 03/22 04/22 05/22 06/22 07/22 08/22 09/22 10/22 11/22 12/22
Barometer 102.9 102.5 104.3 102.1 102.7 103.9 103.2 101.1 100.9 99.5 97.8 99.6 99.5

Source: ifo Business Survey.
© ifo Institute

ifo Employment Barometer by Sector

(Balances, seasonally adjusted)

  12/21 01/22 02/22 03/22 04/22 05/22 06/22 07/22 08/22 09/22 10/22 11/22 12/22
Manufacturing 16.1 17.8 20.5 11.2 6.8 11.8 9.9 8.1 4.4 1.9 -0.9 1.3 0.9
Service Sector 12.7 11.0 15.5 13.3 17.1 19.9 18.3 12.4 13.8 10.3 5.0 10.7 9.7
Trade 6.5 5.5 8.3 3.3 4.3 2.5 2.4 -2.1 -4.0 -5.1 -4.9 -5.5 -1.5
Construction 8.9 6.2 7.7 4.2 3.3 5.1 1.6 0.7 3.5 -1.5 0.3 2.8 -0.3

Source: ifo Business Survey.
© ifo Institute

Contact
Dr. Klaus Wohlrabe

Dr. Klaus Wohlrabe

Deputy Director of the ifo Center for Macroeconomics and Surveys and Head of Surveys
Tel
+49(0)89/9224-1229
Fax
+49(0)89/9224-1463
Mail
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