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The Ifo Employment Barometer and the German Labour Market

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  • Steffen Henzel
  • Klaus Wohlrabe

Abstract

The Ifo Employment Barometer and the IAB Labour Market barometer, both indicators for the German labour market, closely reflect the situation in that market. Yet there are differences between the two indicators when different target sizes are considered. The Ifo Employment barometer is most reliable when it comes to changes in employment, while the IAB labour market barometer shows the monthly dynamic in the number of persons registered as unemployed. Overall, the Ifo Employment Barometer proves more reliable if the focus is on economic decisions. Its weaknesses emerge, however, if the emphasis is on changes in legal framework conditions or survey implementation. The introduction of Hartz IV or seasonal short-time work payment (Saisonkurzarbeitergeld) in the construction sector pose special challenges for company surveys as a result.

Suggested Citation

  • Steffen Henzel & Klaus Wohlrabe, 2014. "The Ifo Employment Barometer and the German Labour Market," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(15), pages 35-40, August.
    • Handle: RePEc:ces:ifosdt:v:67:y:2014:i:15:p:35-40
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    References listed on IDEAS

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    1. Georg Goldrian, 2004. "Handbuch der umfragebasierten Konjunkturforschung," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 15.
    2. Abberger, Klaus, 2007. "Qualitative business surveys and the assessment of employment -- A case study for Germany," International Journal of Forecasting, Elsevier, vol. 23(2), pages 249-258.
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    Cited by:

    1. Robert Lehmann & Timo Wollmershäuser, 2016. "Zur Prognosegüte der gesamtwirtschaftlichen Stundenproduktivität," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(22), pages 57-61, November.
    2. Klaus Wohlrabe, 2018. "Das neue ifo Beschäftigungsbarometer," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(09), pages 34-36, May.
    3. Robert Lehmann, 2023. "The Forecasting Power of the ifo Business Survey," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 19(1), pages 43-94, March.
    4. R. Lehmann & K. Wohlrabe, 2017. "Experts, firms, consumers or even hard data? Forecasting employment in Germany," Applied Economics Letters, Taylor & Francis Journals, vol. 24(4), pages 279-283, February.
    5. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.

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    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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