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Many employees in the auto industry and downstream industries are on short-time work (symbol image)
Photo: via www.imago-images.de / imago images / Friedrich Stark
In August fewer people were probably on short-time work.
With an estimated 4.6 million, the number of short-time workers was one million lower than in July, said the Ifo Institute.
This affected around 14 percent of employees subject to social insurance contributions.
The figures are based on calculations and estimates by Munich economic researchers based on a survey.
"The decline was comparatively strong in trade, in the hospitality industry and in other economic services, but much less in industry," said Ifo labor market expert Sebastian Link.
The
industry has
the largest share with 1.9 million short-time workers.
At
27 percent
, more than one in four employees is affected.
Around 15 percent short-time work at service providers
For
service providers,
1.4 million short-time workers mean a rate of
15 percent
, in
retail
there are a good 400,000 affected people and
nine percent
.
There is hardly any short-time working in the construction industry.
In the other sectors of the economy, the Ifo estimates a good 800,000 short-time work and a rate of seven percent.
The number of short-time workers in the hospitality industry fell particularly sharply - from 465,000 in July to 377,000 in August - and in retail - from 240,000 in July to 104,000 in August.
Data on short-time work are always available with a long delay.
The latest extrapolation from the Federal Employment Agency (BA) relates to the month of June: According to this
, 5.36 million people were
on short-time work
in June
- a decrease of around half a million on the previous month.
Because of the corona crisis, the German economy slumped by 9.7 percent in spring than ever before.
For the current summer quarter, economists are expecting strong growth, as many restrictions have been lifted or relaxed.
However, the federal government assumes that the pre-crisis level will not be reached again until the beginning of 2022.
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kko / dpa / Reuters
