German jobs market ‘showing first cracks’ – Bloomberg   ...News

Employment has dropped for the first time in three years, a survey shows Hiring in Germany has stalled amid a worsening economic environment as the country continues to struggle with an energy crisis and soaring borrowing costs, Bloomberg reported on Wednesday, citing the German Ifo Institute for Economic Research.   A measure reflecting hiring activity dropped to its lowest level since February 2021 this month, as employers in manufacturing and construction are thinking twice before taking on new staff, the study revealed. “The robust expansion of employment seen over the past few months has come to a standstill,

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