The number of jobs currently advertised in Germany has once again reached an all-time high. In the fourth quarter of 2022, employers were looking for new employees for 1.98 million positions.
In the fourth quarter of 2022, there were more jobs advertised than at any time in 10 years.
Across Germany, more jobs were advertised in the fourth quarter of 2022 than ever before. With 1.98 million job offers, employers in the Federal Republic set a new record. This is according to the latest job survey by the Institute for Employment Research (IAB).
Previously, the number of vacancies had reached its all-time high in the second quarter of last year. At that time, 1.93 million unfilled positions were advertised. In the third quarter of 2022, the number of vacancies then fell slightly to 1.82 million – a development that clearly did not reveal a trend.
It is also interesting to note that most of the advertised positions are available to be filled immediately. This is true of 1.63 million job openings, while around 352,500 job postings envisage hiring talent at a later date.
Vacancy rate rises as well
But it was not just the number of vacancies that set a new record in the fourth quarter of 2022. The so-called vacancy rate – the ratio of vacancies to be filled immediately and total company demand for personnel – also reached a record high. Here, the total company demand for personnel corresponds to the sum of employment subject to social security contributions and vacancies to be filled immediately. For every 100 workers demanded by companies, there are around 5 vacancies. In the third quarter of last year, the figure was 4 job postings.
The IAB Job Survey has been conducted four times a year since 2009. In the fourth quarter of 2022, the IAB researchers examined the responses of around 14,000 employers from all sectors of the economy.
Source: Personalwirtschaft.de- 09.03.2023 – https://www.personalwirtschaft.de/news/recruiting/so-viele-offene-stellen-wie-nie-zuvor-152540/
In which branches germany has the most job vacancies?
The industries with the most job vacancies in Germany can vary over time, but as of 2021, the following industries had the highest number of job vacancies according to the Federal Employment Agency:
- Healthcare and Social Services: This industry had the highest number of job vacancies in 2021, with a particularly high demand for nurses, caregivers, and healthcare assistants.
- Information and Communication Technology (ICT): The demand for workers in the ICT sector has been growing steadily in recent years, with job vacancies in areas such as software development, data analysis, cybersecurity, and IT support.
- Engineering: Germany has a strong engineering sector, with job vacancies in areas such as mechanical engineering, electrical engineering, and automotive engineering.
- Sales and Customer Service: The retail and hospitality sectors have been hit hard by the COVID-19 pandemic, but there is still a demand for workers in sales and customer service roles, particularly in online retail.
- Skilled Trades: Germany has a strong tradition of skilled trades, such as carpentry, plumbing, and electrical work. These industries continue to have job vacancies, particularly for workers with specialized skills.
Overall, the industries with the most job vacancies in Germany tend to be those that are essential to the functioning of the economy and society, such as healthcare, ICT, engineering, and skilled trades.