ifo Employment Barometer Rises (August 2021)
Recruitment efforts at German businesses are picking up steam again. The ifo Employment Barometer climbed to 103.6 points in August after measuring 102.4 points in July. The upswing in the labor market continues.
In manufacturing, the Employment Barometer saw a slight downturn. Nevertheless, companies are still planning to increase staffing levels. The electrical and electronics industry and manufacturers of machinery and equipment in particular are looking to hire new employees. Service providers were able to partially recover from the sharp decline in the barometer in the previous month. Rising infection rates are cause for restraint in the hospitality industry. The barometer in trade slipped downward a bit, but still indicates plans for new hires. There is also a slightly positive trend in the construction sector.
Survey
ifo Employment Barometer Rises (August 2021)
Recruitment efforts at German businesses are picking up steam again. The ifo Employment Barometer climbed to 103.6 points in August after measuring 102.4 points in July. The upswing in the labor market continues.
