Labour market: Autumn recovery in the labour market is likely to be moderate
Companies are still reporting impending layoffs - on the other hand, the economy seems to be picking up slightly. No significant changes are expected on the labor market for September.
The German Federal Employment Agency in Nürnberg is set to release its September job market statistics. The agency's chair, Andrea Nahles, is expected to announce a moderate upturn in the job market for the autumn season. The number of unemployed people in August was 3.061 million, and it is unclear if this will drop below 3 million. Despite a shrinking job market due to a declining workforce, experts foresee a stable economy and government stimulus packages leading to a slight decrease in unemployment.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
