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The labour market in November 2019 – employment continues to grow

“The current economic weakness is still reflected by the labour market. But all in all, it still seems robust”, said the Chairman of the Federal Employment Agency (BA), Detlef Scheele, at today’s monthly press conference in Nuremberg.
29 Nov 2019 | Press Release No. 35

Unemployment rate in November:               -24,000 – now 2,180,000

Unemployment compared to last year:        -6,000

Unemployment compared to last month:     unchanged at 4.8%

 

Unemployment and underemployment

The number of unemployed persons fell by (-)24,000 to 2,180,000 from October to November. If these figures are adjusted to account for seasonal factors, a decrease of (-)16,000 can be calculated for November compared to last month. The number of unemployed persons has fallen by (-)6,000 compared to last year. As in October, the unemployment rate is 4.8%. Similarly, there has been (+/-0)no change in comparison to last year’s figures for November . The short-term unemployment rate stood at 3.0% in October, as calculated by the Federal Statistical Office according to the ILO short-term employment concept.

If seasonal factors are taken into account, there has been a slight decrease of (-)7,000 compared to last month with regard to the underemployment rate, which also considers changes in labour market policy and short-term incapacity to work. A total of 3,138,000 persons were underemployed in November 2019 – (+/-0)0 the same number as a year ago.

 

Short-term employment and employment subject to national insurance payments

There has been a further increase in short-term employment and employment subject to national insurance payments, but not as strong as last year. According to the Federal Statistical Office, the number of persons in employment (in line with the domestic concept) in October rose by (+)30,000 compared to the previous month if the figures are adjusted to account for seasonal factors. There are now 45.57 million persons in employment – (+)320,000 more than last year. This increase is largely due to the rise in employment subject to national insurance payments – (+)540,000 more than last year. According to the extrapolated figures of the BA, a total of 33.96 million persons were in employment subject to national insurance payments in September. If these figures are adjusted to account for seasonal factors, this constitutes a rise of (+)70,000 persons from August to September.

 

Labour demand

There is a high demand for new employees, but this is continuing to decrease. 736,000 jobs were registered with the BA in November – (-)71,000 fewer than last year. If these figures are adjusted to account for seasonal factors, the amount of jobs registered with the BA has dropped by (-)11,000. The BA job index (BA‑X) – an indicator of the labour demand in Germany – fell by 3 points to 229 points in November 2019. This puts it 25 points below the level recorded last year(-25 ggü. Vorjahr).

 

Cash benefits

730,000 persons received unemployment benefits in November 2019 – (+)64,000 more than a year ago. In November, there were 3,770,000 persons who were fit to work and eligible to receive basic security benefits for job seekers (German Social Security Code II). This represents a decrease of (-)229,000 persons compared to November 2018; 6.9% of the people of working age living in Germany were in need of help.