Decline in vacant positions in German construction industry

In the 1st quarter of 2024 the number of vacant jobs in the German construction industry decreased by -16,8 % compared to Q1 2023. The trend that began in 2023 is thus continuing. On average, job vancancies measured by the Institute for Employment Research (IAB) were -11,9 % lower in 2023 than in 2022. Accordingly, the crisis in new construction and last years slowdown in renovation becomes visible in the workforce of construction companies and craftsmen businesses. In contrast to 2021 or 2022, less companies are hiring or seeking additional staff.

Despite this slowdown, the number of open positions is still very high in the German construction industry these days. Current vacancies exceed the numbers of the period from 2014 to 2018. Furthermore, demographic change will significantly reduce the number of active workforce in the construction industry in the upcoming years.

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