The monthly labor market barometer published by the Institute for Labor Market and Vocational Research (IAB) has improved, once again, in June, rising to 94.6 points compared to May. The leading indicator climbed 0.8 points. “The expectations of the employment agencies are slowly brightening again, according to a senior employee of the IAB. However, the development of the labor market has not yet bottomed out.
The unemployment component of the IAB barometer is 93.8 points, despite an increase of 1.1 points still clearly below the neutral brand, which stands at 100. In the short term, unemployment is expected to decrease a bit further, but at a slower pace.