Labor market is stagnating
Hardly any additional jobs were created
The number of employed people in Germany has risen steadily for more than three years. This development came to an end in the summer.
In the third quarter of this year, hardly any additional jobs were created on the German labor market. 46.1 million people were employed between July and September, as reported by the Federal Statistical Office. That was only 23,000 more than in early summer, rounding off stagnation. Adjusted for seasonal effects, the number of employed people fell by 45,000 people or 0.1 percent. This has not happened since the beginning of 2021. Compared to the same quarter last year, the increase was around 66,000 people (0.1 percent).
The office reports that there was only more employment in the service sectors. In industry, 73,000 fewer people (-0.9 percent) were registered and in the construction sector, employment fell by 1.1 percent or 30,000 people within a year. In addition, the trend continues that fewer and fewer people are self-employed. Their number, including helping relatives, fell by 0.6 percent to 3.8 million.
dpa
Source: Stern
