News

11/12/2015

German Labor Market on Steady Growth Path

Employment in Germany kept its growing trend in September 2015. According to the Federal Statistical Office, Destatis, there were approximately 43.3 million German residents in employment in September 2015, reaching a new record high since German reunification. In comparison with September 2014, employment increased by 0.9% or 381,000 persons. At the same time, there were around 1.8 million people in unemployment in September 2015, which is 223,000 less than in the same month, last year.

Provisional results of the employment account show that in September 2015 there were 239,000 or 0.6% more persons working than in the previous month. After seasonal adjustment, the number of employed people rose by 50,000 or 0.1% in September 2015.

According to the results of the labor force survey, around 1.82 million people were without a job in September 2015. This is a decrease of 7,000 or 05% in comparison with the previous month. After seasonal adjustment, a total of 1.87 million persons were unemployed. This is an adjusted unemployment rate of 4.5%.

Results of the labour force survey show that 1.82 million people were unemployed in September 2015. Compared with August 2015, their number decreased by 7,000, or 0.5%. Adjusted for seasonal and irregular effects, the number of unemployed stood at 1.87 million. As in August 2015, the adjusted unemployment rate was 4.5% in September 2015.