Germany's hiring outlook dims further in March: ifo
German firms are reducing hiring and continuing job cuts, as the ifo Employment Barometer fell to 92.7 in March from 93.0 in February. The industrial sector remains the most affected, facing nearly two years of ongoing layoffs. Retail saw a slight uptick, but many still plan cuts. Unemployment will probably continue to rise slightly, said ifo’s Klaus Wohlrabe.
German firms are reducing hiring and continuing job cuts, as the ifo Employment Barometer fell to 92.7 in March from 93.0 in February.
The industrial sector remains the most affected, facing nearly two years of ongoing layoffs.
Retail saw a slight uptick, but many still plan cuts.
Unemployment will probably continue to rise slightly, said ifo’s Klaus Wohlrabe.
