“Lockdown Light” Causes Short-Time Work to Rise Again Somewhat in November

According to estimates by the ifo Institute, the number of employees on short-time work in Germany rose slightly in November for the first time since May. The estimates suggest that around 2.0 million people are likely to have been on short-time work, up from an estimated 1.8 million in October. This increase is mainly due to those sectors of the economy affected by the “lockdown light” in place since the beginning of November.