In the second quarter of 2024, the share of businesses that saw their operations impaired by skilled labour shortages dropped even further below the 40% mark as a result of the persistently weak economic performance. However, a considerable portion of enterprises in most economic sectors continue to be hampered by shortages. This was particularly the case for the services sector, where 42% of enterprises reported that their business operations were affected by skills shortages. In manufacturing it was 25%. The shortage of skilled workers is particularly pronounced in Germany’s eastern states.

KfW-ifo Skilled Labour Barometer June 2024(PDF, 317 KB, accessible)

Press release