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The vocational education and training (VET) system in Germany allows for a smooth transition from school to work, according to an OECD report. The VET system ensures that young people are well-prepared when they enter the labour market and can find jobs that match their qualifications.
The Organisation for Economic Co-operation and Development (OECD) found that the unemployment rates for VET school leavers, master craftsmen, and technicians in Germany are among the lowest in the OECD zone. People with these international ‘tertiary’ level skills are particularly sought after in Germany.
The report states that this could well be because the employers and employer organisation, key players in the labour market, are closely involved with the post-secondary VET system. This cooperation between policymakers and social partners ensures that the content of VET suits the needs of the market.
German unemployment is currently the second lowest across Europe, sitting at 5.3%, surpassed only by Austria with 4.7%. This is well below the Eurozone average of 12.2% and below the European Union average of 11%.