BERLIN, May 18 (Xinhua) — Germany’s labor market fully recovered from the COVID-19 pandemic as the number of people in employment exceeded pre-crisis levels again in the first quarter (Q1) of 2022, the country’s statistical office reported on Wednesday.
In Q1, the total number of employees in the country grew to 45.1 million, slightly above the figure registered in the fourth quarter of 2019, i.e. just before pandemic-related restrictions hit the German economy for the first time, the Federal Statistical Office (Destatis) said.
“With the spring revival and the easing of the COVID-19 measures, the recovery in the labor market continues,” said Detlef Scheele, head of the Federal Employment Agency (BA). However, the positive trend would be slowed down by the Russia-Ukraine conflict.
Although the Institute for Employment Research (IAB) also saw great risks in a “possible further geopolitical escalation of the crisis or an energy supply freeze,” its forward-looking indicator for the German labor market continued to rise and remained at a “very high level” at 106.1 points in April.
The general upward trend in the German labor market and the COVID-19 recovery currently appear to be “strong enough to overshadow dampening effects” due to the economic consequences of the Russia-Ukraine conflict, said IAB forecasting expert Enzo Weber.
At the same time, there is an acute shortage of skilled labor in Germany. According to Hubertus Heil, minister of labor and social affairs, the country was making efforts to make the recognition of Ukrainian refugees’ work qualifications easier.
- Top Glove share price falls to pre-Covid-19 level on disappointing 3Q results
- NFO sales on track to pre-Covid-19 recovery by year end
- Pediatric hepatitis outbreak cases are not above pre-COVID-19 pandemic levels: CDC
- Digital Health Platforms Are Addressing An Epidemic Lurking Beneath The Covid-19 Pandemic
- Union Budget 2021: Healthcare spending boost led by COVID-19 vaccination, drinking water, sanitation
- Air Pollution Linked to Higher Risk of Severe Covid-19: Study
- California’s latest COVID-19 surge may be slowing, early data suggest
- German media analyses Vietnam’s fight against COVID-19
- Thailand declares Covid crisis ‘over’, eyes 10 million arrivals this year; govt reports only 2,474 Covid-19 cases on Sunday (June 12)
- A ground plan for India’s COVID-19 response
- Biden Administration Finally Ends COVID-19 Test Requirement To Enter U.S.
- Biden Administration Ends Covid-19 Test Requirement To Enter U.S.
- COVID-19 worsened matters in Sundarbans: UN report
- As COVID-19 restrictions ease, older Australians are weighing up which risks are worth taking
- Opinion: Why I'll be vaccinating my 2-year-old for Covid-19 as soon as it's possible
- FDA authorizes COVID-19 vaccines for kids under 5 years old
- Opinion: We finally have a Covid-19 vaccine for the youngest kids. Here's why it matters
- 25-year-old woman gets 5 weeks' jail for leaving home despite given MC amid Covid-19 pandemic
- Covid-19 fourth wave: Centre writes to states, UTs; calls for rapid testing as cases rise
- Victorians warned to 'consider where we might be in two weeks' after state's third COVID-19 death
German employment exceeds pre-COVID-19 levels: Destatis have 468 words, post on www.thestar.com.my at May 19, 2022. This is cached page on Law Breaking News. If you want remove this page, please contact us.