Inflation: Bundesbank – Deutsche Industrie verliert als Jobmotor an Bedeutung
Der Anteil des Verarbeitenden Gewerbes an allen sozialversicherungspflichtig Beschäftigten liege bei nur noch etwa 18,5 Prozent. Auch bei der Inflation gibt es keine Entwarnung.
The German industry, according to the Bundesbank, is losing significance as a pillar of the country's labor market. The percentage of manufacturing workers among all social insurance-liable employees has dropped to around 18.5 percent, according to a monthly report published on Thursday. In 2010, it was still around 22 percent. This indicates that much of the employment gains made during the post-financial crisis 2008/09 boom have been lost.
The Bundesbank concludes that the manufacturing sector is losing importance over time, even in periods of job creation, as service providers have seen stronger employment growth than the industry. The shift away from industrial production towards a service economy has been ongoing for decades and is not a new phenomenon in the current transformation.
The decline in employment has not led to a significant rise in unemployment. In fact, despite extensive layoffs in the past two years, fewer industrial employees have been unemployed than before. The Bundesbank attributes this to job cuts largely being due to natural fluctuations and reluctance to hire new employees, rather than large-scale business-related layoffs.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
