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Economic impasse hits the labor market in Germany

2024-11-17 20:20:00, Kosova & Bota CNA

Economic impasse hits the labor market in Germany

Three years in a row, the number of employees in Germany marked a continuous increase. But at the end of the summer, this positive development also came to an end. It seems that the consequences of the economic difficulties this year are also being reflected in the labor market in Germany, which for years, despite the economic fluctuations, was quite consolidated. The Federal Office of Statistics in Germany announces that in the third quarter of this year in Germany there was almost no increase in new jobs in Germany, the news agency DPA refers to this federal office.

Economic impasse hits the labor market in Germany

The sector with the most employment

From July to September, there were 46.1 million people employed in Germany, according to the Federal Statistical Office. This means only 23,000 jobs more than the spring, which in statistical language means stagnation. If you take seasonal effects into account, the number of employees has decreased by 0.1% or 45,000 people. Germany has not had this situation since 2021.

Economic impasse hits the labor market in Germany

In general, there were more jobs in the service sector, the Federal Office reports, while in industry 73,000 fewer jobs were registered. Even in the construction sector, employment fell within a year by 30,000 people. Meanwhile, the downward trend of self-employment has continued in Germany. Their number, including family members who help, fell by 0.6% to 3.8 million people./ DW





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