IfW in the News

German unemployment rate stays at record low in June


Domink Groll expects unemployment continues to fall in Germany.

Excerpt from the Article

(...) Domink Groll, expert for the labor market of Forecasting Center of Kiel Institute for the World Economy (IfW), told Xinhua, "While leading indicators for labor demand have recently deteriorated to some extent, they remained near levels unseen for several decades or even all-time highs. However, large employment gains will become increasingly unlikely, as labor-supply growth is set to decline due to the ageing population and smaller gains from migration. "

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