Refugee arrivals to push up German unemployment
[BERLIN] The arrival of large numbers of refugees in Germany could push up unemployment next year by 70,000, the German labour office research institute IAB said on Thursday.
Germany is estimating that as many as 800,000 refugees and asylum seekers will arrive in the country this year.
The arrivals could add 130,000 people to the labour market, the IAB estimated, taking the jobless tally to around 2.87 million in 2016. The IAB expects German unemployment to fall by 100,000 this year.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US