The ifo Employment Barometer fell to 91.9 in December, its lowest level since May 2020, reflecting ongoing job losses, especially in industry.
Job cuts are continuing across most sectors in Germany, with clothing manufacturers particularly reducing staff, according to the ifo Institute.
Companies are increasingly cautious about hiring as the weak economy weighs on the labour market.The ifo Employment Barometer fell to 91.9 in December, its lowest level since May 2020, reflecting ongoing job losses, especially in industry.
Job cuts are continuing across most sectors in Germany, with clothing manufacturers particularly reducing staff, according to the ifo Institute.
Companies are increasingly cautious about hiring as the weak economy weighs on the labour market.
