German economists predict weaker labour market

The German labour market will be less dynamic in the second half of 2016 owing to the weak global economy, a group of economists told dpa on Sunday.

Despite the fact that German unemployment will fall annually in 2016 compared to 2015, the second half of the year will see a seasonally adjusted rise in those out of work, economists from major banks told dpa in a survey.

The experts believe a growing number of unemployed refugees will push the figures up. In 2015, some 1 million new refugees arrived in Germany and applied for asylum.

The Federal Employment Office is expected to release German unemployment figures for March on Thursday.

Last update: Sun, 21/08/2016 - 12:58
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