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450,000 new jobs to be created in Germany in 2016: business group

Xinhua, June 13, 2016 Adjust font size:

Thanks to strong domestic demand, some 450,000 new jobs will be created this year in Germany, pushing the country's employment to a new record high, said a leading business group on Monday.

The Association of German Chambers of Commerce and Industry (DIHK) forecast that corporate service providers such as legal and tax consulting firms would offer the most vacancies.

In 2016, 130,000 new jobs are expected to be added in this sector, followed by retail, transport, hotel and restaurant companies with 120,000 open positions.

Martin Wansleben, DIHK's chief executive, told German Saarbruecker Zeitung newspaper that the increase was mainly due to "high domestic demand which is even stronger than in recent years."

The group expected the number of employees in Germany to increase this year for the 11th time in a row and hit the highest level since Germany's reunification.

"In construction sector, we see the strongest growth in four years," said Wansleben, adding that the increase could be stronger but was limited by a lack of skilled workers.

According to him, more than half of small and medium sized enterprises in Germany see a skilled labor shortage as a risk for their development.

"Especially in the booming industries of retail and construction, enterprises have increasing difficulty in finding suitable staff," he said. Endit