Overview

• The ifo-Institut's Beschäftigungsbarometer rose to 95.2 points in May, signaling possible stabilization in the German labor market.
• The IAB labor market barometer also increased slightly to 98.9 points, reflecting cautious optimism in some sectors.
• The German economy grew by 0.4% in Q1 2025, though economists predict this growth will not continue due to trade disputes and uncertainty.
• Sectoral trends vary: the industry sector saw its fifth consecutive rise in employment indicators, while the trade sector continues to cut jobs.
• Service companies, particularly in temporary employment, show slight staffing increases, while the construction sector is attempting to curb job cuts.