Record low despite rising unemployment

Record low despite rising unemployment

The winter is clearly noticeable – also on the job market. The number of unemployed has increased in January. Nevertheless, employment in Germany remains at a high level. Due to the cold weather, the number of unemployed at the beginning of the year rose seasonally to 2.406 million. This is still the lowest value for January since reunification . The

The winter is clearly noticeable – also on the job market. The number of unemployed has increased in January. Nevertheless, employment in Germany remains at a high level.

Due to the cold weather, the number of unemployed at the beginning of the year rose seasonally to 2.406 million. This is still the lowest value for January since reunification . The unemployment rate rose by 0.4 points to 5.3 percent.

Usual for this season

Compared with the previous month, the number of job seekers in January increased by 196,000, compared to the previous year, however, she went back by 165,000, as the Federal Employment Agency (BA) announced. Government chief Detlef Scheele said: “The demand of companies for new employees remains at a very high level.” The growth of employment subject to social security continues.

The significant increase is quite common for this season. The adjusted for seasonal influences number of job seekers dropped to 2.263 million. According to the study, around 2,000 men and women were less unemployed than in December – the number was exclusively due to a decline in the East. It remained unchanged in the west.

Underemployment, which also affects people who are currently participating in further education, was 3.291 million. It fell seasonally adjusted by 22,000 compared to the previous month. At the same time, about 758,000 vacancies were registered at the federal agency in January – 21,000 more than a year ago.

More workers

According to the latest data from the Federal Statistical Office, the number of people in employment stood at 45.08 million in December – an increase of 42,000 compared to the previous month, compared with 488,000 persons in employment last year. The increase is mainly due to more employees subject to social security contributions. According to projections of the Federal Agency, their number has increased by 50,000 seasonally adjusted from October to November. This meant that 33.50 million people in Germany recently had a regular job – 666,000 more than a year earlier.

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