Nuremberg The Nuremberg Institute for Labor Market and Vocational Research (IAB) is leaving despite the economic downturn initially further from a stable labour market in Germany out. The researchers expect gross domestic product to fall by 0.4 percent in 2023. "The labor market is being affected by the economic setbacks, but we do not expect a slump in view of the high demand for workers," said Enzo Weber, head of the IAB research department for forecasts and macroeconomic analyzes at the IAB, on Friday.
According to the IAB forecast, the number of people in employment will be 560,000 higher on average in 2022 than in the previous year. Next year, there could be a further increase of 220,000. The number of unemployed will fall by 200,000 in 2022 and is expected to rise by 60,000 in 2023, also due to the registration of Ukrainian refugees in basic security.
The IAB assumes that the number of employees subject to social security contributions will increase by 610,000 to 34.51 million in the current year. For 2023 there should be a further increase of 300,000 to 34.81 million people.
With 210,000 additional jobs in 2022 and 150,000 a year, the area of public service providers, education and health has the highest share. "This is mainly due to the expansion of child day care and the aging of society and is reinforced by the need for care for refugees from Ukraine," said Weber. As digitization progresses, the information and communication sector will create another 70,000 additional jobs in 2022 and 50,000 in 2023. The industry will largely stagnate.
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