The Ifo Employment Barometer: A "pressure gauge" for the German labour market

Since 2006 the Ifo Institute has calculated and published the Ifo Employment Barometer as an indicator for developments on the German labour market. It is based on the survey results from the monthly Ifo Business Survey. The Ifo Employment Barometer gave early signals that the labour market reached its cyclical low point in 2003. In the following months the barometer increasingly climbed and thus pointed early and reliably to the positive labour market development of recent years. Currently the Ifo Employment Barometer continues in the "high" range. On this basis the labour market in Germany should remain favourable this spring.