Post-pandemic labour hoarding and strong employee-protection rules are masking worrying changes in Germany’s market for high-paying manufacturing jobs.
After hitting an all-time low of 4.9 per cent in the spring of 2019, the jobless rate in the Eurozone’s largest economy has risen to 6 per cent, according to figures from the Federal Labour Office.
While that is still below the Eurozone average — and less than half the rates seen towards the turn of the 21st century — economists and lawyers think the state of the labour market is worse than the headline number suggests.
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