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Economics Gazette

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January 24, 2019

Number of job vacancies in Germany reached a record high in Q4 2017

job vacancies germanyThe number of job vacancies in Germany has reached a record high at the end of 2017. In the fourth quarter of 2017 there were nearly 1.2 million job vacancies across the country, according to the data of the Employment Agency of the Federal Labor Office in Nuremberg. This is 128,000 more jobs than in the same period of the previous year and more than ever. There were about 918,000 job vacancies in Western Germany, and about 265,000 in Eastern Germany. Most of the available jobs are in the manufacturing and construction sectors.

With an average of 194 unemployed persons per 100 vacancies in Western Germany and 225 unemployed per 100 vacancies in Eastern Germany, both regions of the federal republic have reported the lowest job vacancies in 25 years, shows the IAB representative survey among companies.

The Institute examines four times per year the general proposals on the labor market, including jobs not reported to employment agencies. In the fourth quarter of 2017, the responses of some 15,000 employers from all economic sectors were evaluated.

This new report on job growth gives even more evidence to the developing strength of the German economy. The German Federal Labour Agency (BA) found that the unemployment rate remained at 5.4 percent in February 2018, making it the lowest level of unemployment since German reunification in 1990.

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