News from 2025-05-20 / KfW Research

KfW-ifo Skilled Labour Barometer June 2025

Economic downturn causes skills shortage to ease further

At the start of the second quarter, skills shortages were hampering operations at 27% of businesses. Skilled labour shortages have thus eased further as a result of the weak economic performance. The drop is most significant in industry, which has recorded the steepest declines in sales. Here, 18% of businesses reported negative impacts due to skills shortages. In the services sector, 33% of companies are complaining about a lack of workers, also slightly less than in the previous quarter.

KfW-ifo Skilled Labour Barometer June 2025

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