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Retail bankruptcies leave a mark
It’s no surprise that unemployment is rising in the retail sector. Recent bankruptcies of well-known brands such as Esprit show that even established businesses are facing difficulties. Because branches are often closed during the bankruptcy process, competition is often unable to absorb excess employees, resulting in frequent job losses.
How is the situation in the individual labor market regions? The strongest increases compared to July 2023 were seen in Everding (+25.6%), Grieskirchen (+23.7%) and Braunau am Rhein (+23.4%).
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