Slump of 34 percent

The Corona crisis has not spared engineering. In electrical engineering, job advertisements have fallen by more than a third compared to the previous year's development, according to an exclusive evaluation by Indeed for Markt&Technik.

The coronavirus pandemic has had a significant impact on the German labor market. Industrial engineering, civil engineering, mechanical engineering and electrical engineering have been hit harder than average by the decline in job advertisements due to the corona crisis.

"The Corona crisis has not spared the engineering sector," comments Dr. Annina Hering, Economist at Indeed, who conducted an evaluation of the job market exclusively for Markt&Technik.

According to the study, job advertisements in the electrical engineering sector fell by over a third (-34 %) compared with the previous year's development. Although demand had already started off somewhat weaker at the beginning of the year, "the corona shock really hit here from March onwards", comments Hering on the figures.

The situation is similar in mechanical engineering (-32 %), civil engineering (-28 %) and industrial engineering (-26 %). In chemical engineering, demand did not slump as sharply in comparison with the previous year, with a decline of only 14 %. Overall, however, the pandemic "affected engineering to an above-average extent", said Hering.

For the overall labour market, the development of job advertisements on 10 July 2020 is -25 % compared to the previous year's development.