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Despite weaker economic conditions, employers in Germany want to create more jobs this year than previously expected, according to a new report by the German Chambers of Commerce and Industry (DIHK).
“The labour market is once again surprising positively. This year an additional 250,000 people will be in gainful employment. This is almost 42 million, there have never been so many jobholders before,” said Martin Wansleben from the DIHK.
He said it was also a positive signal that staffing firms in Germany have been reporting increased hiring activities although the number of agency workers has been on the decline for months and demand remains below last year’s.
According to forecasts, based on a survey by the Chamber of Commerce, the service sector is creating most jobs. This sector is currently looking to employ 70,000 people, especially in industries such as health and social care, hospitality and tourism. IT and insurance companies, as well as consultancies are looking to employ around 65,000 people.
“Even the industrial sector wants to continue hiring despite a difficult economic environment,” said Mr Wansleben. This is particularly the case in the machine building and electrical engineering industries, he said.
Companies in Germany have been showing greater degrees of caution as hiring levels overall declined last month, the latest job index by the federal employment agency found. Although demand for staff fell in May, skilled workers remain much sought after.