Forecast 2009: Deep recession will hit German labour market

Abstract

"The short report sheds some light on the development of the labour market in 2008 when Germany reached peak levels of employment and volume of work. The main part of the report offers a short-term forecast for 2009, based on the assumption that German real GDP will decrease by 2.75 per cent +/- 0.75 percentage points. The forecast includes labour supply, employment according to different categories, and underemployment with special focus on registered unemployment in the insurance system (German Social Code III) or in assistance for job-seekers in need of support (German Social Code II)." (Author's abstract, IAB-Doku) ((en))

Cite article

Bach, H., Gartner, H., Hummel, M., Klinger, S., Rothe, T., Spitznagel, E. & Zika, G. (2009): Projektion 2009: Arbeitsmarkt im Sog der Rezession. (IAB-Kurzbericht 06/2009), Nürnberg, 12 p.