Germany is no longer the promised land for workers: Job Bidding Is Reduced

According to data from the employment portal actually, in the second quarter of this year, the number of job advertising decreased by 3.9 per cent, while compared to the record spring of 2022, there are up to 39 per cent fewer available jobs.

The German labour market index dropped from 110 to 106 points in the period from April to June, which is the lowest level in more than five years. Of a total of 38 surveyed professions, the demand increase was registered only to six, and half of it belong to the health care sector, writes Phoenix.

Analysts link the drop in labour bid to worsening the economic situation. The rise in energy prices after Iran's war explosion has slowed the recovery of the German economy, so the federal government has reduced the 2026 economic growth rate to only 0.5 per cent.

Although the number of permanent jobs in June was more than ten per cent lower than a year ago, seasonal jobs so far are opposing the negative trend and are almost the same as last summer.

The largest number of reports of seasonal work is in production and industry, which account for 17.7 per cent of total supply. This is followed by sales of 15.4 per cent, child care at 14.1 per cent and storage, distribution and logistics by 10.5 per cent. Office jobs account for only 2.3 per cent of all summer labour reports.

While most sectors are experiencing a decline, the health care system is still searching for a large number of young workers.

The most pronounced growth was recorded in dentistry, where general demand increased by 25.3 per cent. Dentists, dental assistants and interns are on a special request.

The need for physical therapies, occupational therapists and medical technology specialists is also on the rise. Among the most popular professions are surgical assistants, optics, and medical emergency workers, and paramedics.

In addition to fewer job reports, experts also warn of a slowdown in wage growth. The nominal wage increase in labour reports slowed to 2.8 per cent by June.

As inflation in Germany rose to 2.9 per cent, real wages fell back into negative territory. It is estimated that real growth is between minus 0.1 per cent and minus 0.3 per cent, while prior to the outbreak of conflict in the Middle East was about 1.7 per cent.

This means that workers' purchasing power is weakening again, and analysts believe that in the coming months it will be difficult to expect a significant increase in real income.