World Economy

Germany to Boost Hiring

Germany to Boost HiringGermany to Boost Hiring

German companies look set to hire half a million more people next year, with the economy in Europe’s powerhouse remaining robust. Securing scarce skilled labor is key, labor market experts say.

A poll of the Association of German Chambers of Industry and Commerce revealed Monday that companies across the nation were planning to hire a total of 450,000 new employees in the course of next year, DW reported.

Citing the results of the survey, Germany’s “Bild” daily said the biggest appetite for new staff was recorded in health care, nursing and education where 150,000 people were expected to be hired in 2017. Another 100,000 jobs will be added in the retail and catering sectors.

DIHK Managing Director Martin Wansleben told “Bild” 2017 would be the 12th consecutive year of increased hiring activities.

He said the lack of skilled labor was increasingly becoming the worst headache for companies across the nation. He added that many firms were currently competing to lure as many skilled workers as possible while expecting enormous labor bottlenecks in the near term.

In view of the labor shortage, DIHK officials have frequently described a need to integrate migrants and make them fit for the labor market as soon as possible, promising millions of euros for training special language and training programs.

The unemployment in Germany has gone down again in October. Many firms find it hard to fill their vacancies, the National Labor Office says.

In unadjusted terms, jobless numbers in Germany fell by 68,000 to 2.54 million in October, 109,000 fewer than in the same month a year earlier, the Nuremberg-based Federal Labor Office reported.

The unemployment rate thus dropped by 0.1% to 5.8% in October, marking the lowest level since 1991, a year after the country reunited.


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