The mood on the German labour market is slowly getting better again. The labour market barometer of the Institute for labour market and occupational research (IAB) has improved in June compared to may by 0.8 points to 94.6, with the research Institute of the Federal employment Agency on Monday in Nuremberg, Germany. "The expectations of the employment agencies on the bright slowly again," said Enzo Weber, head of the IAB Research Department forecasts and macroeconomic analyses. However, the measured value is in accordance with the corona-related crash in April, still well below the neutral mark of 100.
in the Short term, further deterioration are increases real, to expect, both in terms of unemployment and employment, said Weber. "In the face of the worst recession of the post-war history of the labour market remains relatively robust, even through short-time work," said Weber. Now, the labour market had to be brought out of the crisis, to stay before poor job opportunities for the unemployed and newcomers, the night, led to rush.
The IAB labour market barometer, is regarded as an early indicator for the labour market. In a survey of the employment agencies, the Outlook for the next three months will be queried. The scale ranges from 90 (very poor performance) to 110 (very good performance). The Federal employment Agency will be announced this Wednesday, the statistics for June. Then also information on the latest developments in short-time work are expected.Updated Date: 29 June 2020, 11:20