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Germany — Unemployment could fall below 3 million this year

01 July 2010

According to provisional data from the Federal Statistical Office (Destatis), the number of persons in employment living in Germany amounted to 40.2 million in May 2010. Compared to May 2009, this is an increase of +60,000 persons or +0.1%. Hence, the number of persons in employment exceeded the corresponding figure for the previous year for the first time in twelve months, following a continuous slowdown in the decline of employment over the preceding six months.

In parallel to the ongoing spring recovery, the number of persons in employment rose by +147,000 or +0.4% in May 2010 compared to April 2010. After seasonal adjustment, there was an increase of +61,000 persons (+0.2%) compared to April 2010.

The Minister for Labour, Ursula von der Leyen, said "we are back to the [employment] levels we had before the economic crisis started."


The President of the Federal Agency for Labour (BA), Frank-Jürgen Weise, believes that it is feasible that unemployment will fall below 3 million by the end of the year. He said "the opportunity is there". Currently there are 3.153 million unemployed in Germany.

Temporary employment was up by +22.7% or +115.000 individuals to 750,000, German daily Die Welt reports.

Stefan Hardege, labour market specialist at the German Chambers of Industry and Commerce (DIHK), commented "it is important for companies to be able to react to peaks and troughs. Many companies, therefore, want to employ additional staff on a temporary employment basis because they are not certain if the current boom will continue."

To see a graph of comparative unemployment figures across the European Union please click here

 

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