News from 2024-07-03 / KfW Research

KfW-ifo Skilled Labour Barometer June 2024

Skilled labour shortages differ broadly from sector to sector and regionally

In the second quarter of 2024, the share of businesses that saw their operations impaired by skilled labour shortages dropped even further below the 40% mark as a result of the persistently weak economic performance. However, a considerable portion of enterprises in most economic sectors continue to be hampered by shortages. This was particularly the case for the services sector, where 42% of enterprises reported that their business operations were affected by skills shortages. In manufacturing it was 25%. The shortage of skilled workers is particularly pronounced in Germany’s eastern states.

KfW-ifo Skilled Labour Barometer June 2024

Press release

Contact

KfW Research

KfW Group

Palmengartenstrasse 5-9

60325 Frankfurt

Germany