News from 2022-05-24 / KfW Research
KfW-ifo Skilled Labour Barometer May 2022
Despite pandemic and Ukraine war, growing demand is worsening the skills shortage
In April 2022, 44% of all businesses were impacted by skills shortages. They have therefore grown into a much more common production obstacle than before the pandemic. All sectors are affected. Shortages were disrupting operations at 40% of manufacturing firms, the highest share in the past 30 years by a wide margin.