Press release -
ifo Employment Barometer Drops (January 2022)
German companies are less willing to hire new staff. The ifo Employment Barometer fell to 102.4 points in January, down from 102.9 points in December. Companies in hospitality and event organizers in particular are planning to reduce, not expand, their headcount.
In manufacturing, the Employment Barometer rose. Manufacturers of machinery and equipment and the electrical and electronics companies are looking for lots of new staff. One bright spot are the IT services, where hiring continues at a brisk pace. In the service sector as a whole, meanwhile, companies have revised their personnel planning significantly downward. In trade, few businesses are looking to expand their workforce at this time. This is also the case in construction.
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