Labor market - Employment: Highest annual average since 1990
The number of people in employment in Germany rose again last year. 45.9 million was the highest annual average since reunification in 1990, according to the Federal Statistical Office based on preliminary estimates. Compared to the previous record year of 2022, the number of people in employment grew again by 0.7%.
Following the coronavirus-related slump in 2020, employment has thus grown for the third year in a row. According to the Federal Office, people from Germany increased their participation in the workforce and additional workers came from abroad. Including the approximately 1.3 million unemployed (-0.7% compared to 2022), 47.1 million people were available on the German labor market according to internationally comparable standards. This was 0.7 percent more than in the previous year.
Nine out of ten of the additional jobs were created in the service sector (+0.9%), while there was less growth in manufacturing (+0.3%) and construction (+0.6%). In agriculture, forestry and fishing, the negative trend of previous years continued with a further decline of 0.4%. The number of self-employed persons and family workers fell for the twelfth year in a row. Their number fell by around 30,000 people or 0.8% from the previous year to 3.9 million.
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The Federal Statistical Office in Wiesbaden, known as Destatis, reported an increase in employed individuals in Germany, surpassing the 1990 record with 45.9 million people. This growth in gainful employment has been consistent for three years, following the coronavirus-induced decline in 2020.
Despite the positive employment trend, there was a decrease in the number of self-employed persons and family workers in Germany for the twelfth consecutive year. This decline, amounting to approximately 30,000 people, was observed in 2023 according to Destatis's data.
In addition, the German labor market saw a rise in participation of domestic and foreign workers, contributing to the overall increase in employment figures, as mentioned by Destatis in their analysis of the German labor market situation.
Source: www.stern.de
