Will it be harder to find a job? Ifo economist does not rule out job cuts due to economic downturn. At the end of 2023 and for the year as a whole, the gross domestic product in Germany fell by 0.3 percent.
The number of unemployed people in Germany rose by around 8,000 to 2.814 million people in February compared to the previous month. Compared to February last year, 194,000 more people were unemployed. “Unemployment and underemployment are increasing in February and the demand for workers is falling,” said the CEO of the Federal Employment Agency.