German news agency
Wednesday, August 8, 2019 12:14 pm Abu Dhabi Time
Lack of trained workers haunts German companies
The number of vacancies in Germany increased in the second quarter of this year to 1.39 million despite the amusing German economy as German companies struggled to find skilled workers, data showed on Tuesday at the German Federal Labor Office.
According to the Bureau of Labor Statistics, the number of vacancies increased by 9,000 in the second quarter of this year compared to the first quarter of this year and by 175,000 jobs in the second quarter of last year.
The Labor Office said Germany was suffering from a serious shortage of trained health and cooking workers.
Researchers at the Nuremberg Labor Office say it is not yet clear how the economic slowdown will affect the labor market.
Germany is due to release data on Wednesday in the second quarter of this year, as analysts expect it to announce GDP contraction.
At the same time, data on the German labor market for the second quarter of this year are still better than the record level in the fourth quarter of last year, where Germany had 1.46 million vacancies, the highest since 1992.
"We cannot afford to keep our jobs for a long time," said Alexander Cops, a researcher at the Federal Labor Office, noting that some sectors, such as health care, are usually not affected by economic trends.