The labor market is stagnating – the number of people in work is stagnating

Employees at the VW plant in Emden

The economic downturn is also slowing down the labor market.

(Photo: dpa)

Berlin The German labour market stands in place. In August, the number of employed persons residing in the Federal Republic stagnated at around 45.4 million, as the Federal Statistical Office announced on Friday.

“This means that the seasonally adjusted number of employed persons has not increased for the first time in a year and a half.” Adjusted for seasonal fluctuations, there was even a minimal decline of 6,000 (0.0 percent). In the months of April to July there was a monthly increase of 34,000 to 20,000 people.

Even without seasonal adjustment, the number of people in employment in August fell to a similar extent in July (minus 7,000 people; 0.0 percent). Compared to the August average of the three pre-crisis years 2017 to 2019, however, there was an increase of 22,000 people.

“The previous employment peak in Germany continues to mark November 2019 with 45.5 million people in employment.” The Federal Employment Agency presented the September data for the job market in the morning.

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