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Economics Gazette

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October 22, 2019

Unemployment in Germany reached a new record low in December

Unemployment in GermanyThe unemployment in Germany reached a new record low in December, marking its lowest values ​​in 37 years. In December 2017, nearly 44.6 million people were in employment, according to the Federal Statistical Office. This represents an annual increase of 1.5%, or 647,000 people.

At the same time, an increase compared to the same period last year is also seen in the number of unemployed, which for the previous month was 1.5 million, representing a growth of 25,000 people. Compared to November, indicators increased by 44,000 or 2.7%.

According to data, there was a fall in employment in December of about 0.3% or 129,000. The statistical office points out that this is a common seasonal movement, although the fall in November 2017 is relatively lower than the average for the past five years (176,000 people).

It is also clear from the information that, despite the changes in statistics, including employment data that were not available previously, there were no changes in the annual figures. In 2017, a total of 44.3 million people in Germany were employed, which represents an annual growth of 1.5%.

According to statistics released earlier this month, last year was also seen a growth in the search for cadres. Then the open positions in the Federal Employment Agency were 761,000, which is 103,000 more than in the same period last year.

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