News from 2021-11-19 / KfW Research
KfW-ifo Skilled Labour Barometer 4th quarter 2021
Germany’s skilled labour shortage is the worst since unification
In October 2021, 43% of all businesses were impacted by skilled labour shortages. Because of the coronavirus crisis, that share was only 23.7% in October 2020. Consequently, since the summer the shortage of skilled labour has grown into a much more widespread hurdle to production than before the pandemic. All sectors are affected. Skilled labour shortages impacted operations at 37% of manufacturing firms, the highest share in the past 30 years by a wide margin.
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