US Demand for workers increased slightly again

16:25  28 october  2020
16:25  28 october  2020 Source:   finanzen.net

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The demand for workers increased slightly in October. This comes from the job index BA-X published on Wednesday by the Federal Employment Agency in Nuremberg.

Die gemeldete Arbeitskräftenachfrage hat sich nach dem pandemiebedingten Einbruch weiter erholt. © Sebastian Gollnow / dpa The reported labor demand has continued to recover after the pandemic-related slump.

The index rose by four to 98 points in October compared to September. The reference value 100 represents the annual average for 2015.

The reported labor demand has thus continued to recover after the pandemic-induced slump. However, the BA-X is still well below the previous year's value

- by 23 points.

The Munich Ifo Institute also reported a slight improvement in the labor market on Wednesday. The employment barometer of the Munich economic experts climbed slightly for October. The labor market barometer of the Institute for Labor Market and Occupational Research had previously pointed upwards - however, the latest development in corona infection numbers has not yet been taken into account.

The Federal Employment Agency will publish its official labor market statistics for October on Thursday. Since the cut-off date for the collection of the data was before the middle of the month, the latest corona development should not be reflected here either.

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This is interesting!