News Flash - Germany

“...academics and graduates have a very good chance of succes in the German labour market. The average unemployment rate for graduates in 2011 was about 2.5%, compared to an unemployment rate amongst other groups of just under 5%. The main issue with entrepreneurship in Germany is that the rate of business formation is rather low and the federal and regional governments are trying to advocate business start-up activities in order to strengthen competitevness. The educational strategy is to integrate entrepreneurship directly in high schools, colleges and universities, however, to date this has had little real impact. For young graduates being an entrepreneur is mostly just a second choice, most of them aim at permanent dependent employment which is becoming more and more rare...”