https://www.ifo.de/en/facts/2024-11-04/employment-barometer-germany-falls-further-october-2024

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 1. Home
 2. Employment Barometer in Germany Falls Further (October 2024)

ifo Employment Barometer
-
4 November 2024

Employment Barometer in Germany Falls Further (October 2024)

Companies in Germany are more cautious in their personnel planning.
The ifo Employment Barometer fell to 93.7 points in October, down
from 94.0 points in September, the lowest level since July 2020. "The
situation on the labor market has been on a negative trend for
months, not sharply, but continuously," says Klaus Wohlrabe, Head of
ifo Surveys. "Rather than filling vacancies, companies are more
likely to lay off employees."

In manufacturing, the barometer dropped again. Fewer employees are
needed due to the difficult order situation. The picture is similar
for trade, although the indicator rose slightly there. Among service
providers, positive and negative responses are currently almost in
balance, and the trend in employee numbers is expected to remain
constant. The same also applies to construction. There is still
demand for new employees in tourism and the IT sector. 

Graphic, ifo Employment Barometer Germany, October 2024
Graphic, ifo Employment Barometer Germany, October 2024
Graphic, ifo employment barometer by sector, october 2024
Graphic, ifo employment barometer by sector, october 2024

Time-series

  *  
    ifo Employment Barometer (October 2024)

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
     
    wohlrabe@ifo.de

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