Holger Zschaepitz(@Schuldensuehner):Good Morning from Germany, where the labor market is losing steam. Employment fell again in Q1 2026. The pain is concentrated in industry and construction, where job losses far outweigh modest gains in services. The key exception: public services, education and health still created 181k jobs in Q1, up 1.5% YoY. Striking divergence: while German employment is shrinking, employment across the EU and Eurozone is still rising.

Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics:

Joined May 2009

362 Following 371.8K Followers

Holger Zschaepitz@Schuldensuehner

9hours ago

Good Morning from Germany, where the labor market is losing steam. Employment fell again in Q1 2026. The pain is concentrated in industry and construction, where job losses far outweigh modest gains in services. The key exception: public services, education and health still created 181k jobs in Q1, up 1.5% YoY. Striking divergence: while German employment is shrinking, employment across the EU and Eurozone is still rising.