The chances of finding a job in Germany have fallen to their lowest level on record, according to the head of the Federal Employment Agency, Andrea Nahles.
Speaking to DW News on Friday, Nahles said the job placement indicator, which normally stands at around seven points, has fallen to 5.7, calling it “the lowest ever before.”
She described the labor market as having been “like a plank for months,” with “no momentum coming in.” Nahles added that prospects are particularly weak for new job market entrants, adding that even well-qualified workers are no longer fully shielded from job losses.
“We have placed as few young people into…
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