14 December 2011

Eurozone labour markets not in everything

88 % of all surveyed employers stated that they had job vacancies between July 2010 and July 2011, out of which 37 % did not succeed to fill all of these jobs. Out of these, one in four tried to hire workers from abroad, but only about half succeeded. In particular large enterprises with 500 and more employees hired workers from abroad. In most cases, these foreign workers came from the European Union or the European Free Trade Area, but about half of the employers did also or exclusively recruit staff from third countries.  
Almost half of the employers with unfilled vacancies stated that they did not even consider this option. They explained this often by saying that they lack knowledge about the administrative procedure. Small and medium-sized enterprises perceived this obstacle more strongly than large employers. Furthermore, employers frequently stated to have been discouraged by the complexity of the procedure. Finally, many employers expected prospective labour migrants to lack German language skills.
From a new OECD survey, and one of the reasons why the eurozone is not an optimal currency area.

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