Job vacancies reach record high in Germany for the first quarter
Posted on May 10, 2017
The statistics have revealed that unemployment in Germany reduced more than projected in the month of April. In the first three months of 2017, Job Opportunities in Germany reached an ever time high crossing the one million number. Germany, the largest economy in Europe is growing at a faster pace when compared to its workers, quotes The Indian Express.
The survey of the IAB Labor Office Research Institute has revealed that the vacancies for jobs increased with 75,000 vacancies in 2016 and in the first quarter of 2017 with 9000 vacancies to cross the one million mark by reaching 1.064 million. Alexander Kubis the IAB researcher has said that this was surprising as the Job Vacancies actually decrease in the months of winter.
The incentives offered by the firms in Germany includes flexible hours of work, subsidized food, nurseries on-site, and pay hikes above inflation.
The sectors that are constantly in search of employees are construction, healthcare, and logistics, explained Alexander Kubis. He added that the economy of Germany is apparently not influenced by external threats such as consequences of Brexit and the likely increase of protectionism. It is for this reason that the companies in Germany are constantly in need of workers and this need is increasing.
The German gross domestic product is likely to grow by 0.6% for the first quarter of 2017 from 0.4% in the last quarter of 2016.
In order to cater to the scarcity of workers, the firms in Germany have launched innovative training modules for immigrants from other nations that have a high rate of unemployment. These nations include Spain, Bulgaria, Romania, Hungary and others.