Germany's labour market is "stabilizing," the Munich-based ifo Institute said on Monday, as its employment barometer rose to the highest level since August 2025. The economic research institute said the barometer has climbed to 95.1 points and was last higher as far back as July 2024, suggesting job cuts are slowing. "The labour market is stabilizing," said Klaus Wohlrabe, ifo's head of surveys. However, he cautioned that "there is still no real recovery in sight." The services sector stood out positively, with a balance of plus 0.7 - meaning the share of companies looking to create jobs outweighs the share looking to cut them. Engineering firms, legal and tax advisory firms and auditors are among those seeking additional staff, ifo said.
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