The shortage of skilled workers has risen to a new high in Germany, affecting 49.7% of businesses in July, according to the Ifo institute. “More and more companies have to cut back because they simply cannot find enough staff,” said Stefan Sauer, a labor market expert at the institute. In the medium and long term, […]
Tag: labor market
The labor market will help the Fed’s fight against inflation
By Conor Sen The labor market is proving a new source of optimism in the Fed’s fight against inflation. The labor shortage that drove wages up during the coronavirus pandemic and the economic restart is waning. This may not amount to a labor surplus, but at least we have new areas of steady employment in […]
Is there a Great Resignation in Greece?
By Virginia Kibouropoulou Is there also a “Great Resignation” in Greece? Or is the term abusively attributed to endogenous problems of the Greek labor market that existed even before the multiple crisis of the last three years (pandemic, inflation, Russian invasion of Ukraine)? The phenomenon of mass resignations of employees from their jobs has been […]
Chr. Pissaridis: The situation in the labor markets is even worse than in the 1970s
The labor market is in a “worse state than it was in the 1970s”, with massive rail strikes in the UK setting the stage for what will follow, according to Nobel Prize-winning economist Christoforos Pissaridis. The British Railways Union RMT Union confirmed yesterday that it was going on strike this week, after no agreement was […]
A new generation of work subsidy programs is coming
You Dimitris Katsaganis The announcement was the kick-off for the new generation of employment support programs, last week for the “Program for gaining professional experience for 10,000 unemployed young people, aged 18-29, in the Regions of Attica (6,500 recruitments) and Central Macedonia (3,500 recruitments)”. This program provides a 7-month subsidy on 100% of the minimum […]
Handelsblatt: Spain and Italy have more jobs than ever before – but that’s not all good news
The latest figures for the labor market in southern Europe look impressive, as the unemployment rate in Italy fell to 8.3% in March, according to Handelsblatt. This is the lowest level since 2010. At the same time, the employment rate is just under 60%, a new record. In Spain, the number of workers subject to […]
US: 11.3 million vacancies in January
Job vacancies in the US fell slightly in January, but remained close to the all-time high of December, with millions still leaving the job market each month, a phenomenon known as the “Big Resignation.” In particular, the number of job vacancies fell from the revised number of 11.5 million in December to 11.3 million in […]
EY Survey: Managing flexible workforce is a challenge for employers worldwide
The vast majority of employers worldwide have not yet communicated their plans for the post-COVID-19 workplace, causing a potential divide with those employees looking for new, more flexible ways of working, according to the EY Work Reimagined Employer Survey 2021 survey. . The survey outlined the views of more than 1,000 business leaders from nine […]
Germany – IW Institute: Clear signs of growth in 2022
A poll by the German Institute for Economics shows that most industries are optimistic about 2022, with stable output and business activity. The IW Institute for German Economics in Cologne draws clear conclusions about the course of the German economy from a survey of 48 economic sectors. None of them expects lower production in 2022. […]
Labor Market: 79,179 jobs lost in November – Positive balance in 11 months
The balance of employment flows was negative in November, according to the data of the Information System “ERGANI”, while in the eleven months of January-November it remained positive, according to an announcement by the Ministry of Labor. Specifically, during the last month the recruitment announcements amounted to 202,790 while the departures to 281,919 (92,390 voluntary […]