German Labor Market Faces Prolonged Downturn

The IAB labor market barometer drops below the neutral threshold, signaling increasing unemployment and declining job demand.

The IAB labor market barometer fell to 99.5 points in November, dropping below the neutral value of 100.
This indicator, based on surveys of German employment agencies, predicts labor market trends for the next three months.
Experts attribute the downturn to a prolonged industrial crisis and broader economic stagnation in Germany.
Unemployment is expected to rise further, with no signs of improvement anticipated before spring.
The demand for new workers has also decreased, compounding challenges for the labor market.