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How the coronavirus crisis is affecting the German labour market

News from 2020-05-13 / KfW Research

The short-time allowance secures millions of jobs. This contrasts with the US, where 34 million workers have filed unemployment claims. But if the lockdown lasts too long, many workers on short-time arrangements are likely to become unemployed. It therefore appears to be advisable to relax social distancing rules as much as possible and expedite development of a vaccine or treatment. The public and private sector should join forces to achieve this in a concerted approach – at international level.

How the coronavirus crisis is affecting the German labour market  (PDF, 85 KB, non-accessible)

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Economic Research

Economic Research

Economic development in Germany and around the world, studies on topics relevant to society such as environmental and climate protection, demography, globalisation, innovation and sustainability, impact of KfW promotional programmes.

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