Labor market
Hardly any additional jobs left
The economic stagnation has long been noticeable on the labor market. The constant increase in employment since the end of the Corona crisis has almost come to a standstill.
There are hardly any additional jobs on the German labor market. According to the Federal Statistical Office, only around 10,000 more people were employed in the second quarter of this year. This is hardly measurable as a percentage and the weakest increase since the job boom in the summer of 2022, when an additional 679,000 people had found a new activity after the Corona crisis.
Also compared to the starting quarter of this year, the number of employment remained almost unchanged from April to June at around 46.0 million. Course was only around 7,000 additional workers.
All together worked around 14.4 billion hours in the three months. That was 0.5 percent less than a year earlier. The average work performance per employee per employed was back to 315.4 hours, as the Institute for Labor Market and Vocational Research calculated.
Jobs were lost again in industry as well as in the construction industry. Compared to the same period in the previous year, there were 141,000 fewer employees in the producing trade (-1.7 percent) and 21,000 fewer on construction (-0.8 percent). These losses were compensated for by more employment in the service sector. Here 178,000 people worked more than a year earlier.
dpa
Source: Stern
