Labor market - Regional directorate takes stock of Saxony's labor market in 2023
The Federal Employment Agency will take stock of the development of the Saxon labor market in 2023 on Wednesday (10.00 a.m.). At the same time, unemployment figures for December will be announced. According to the regional directorate in Chemnitz, around 130,000 people were registered as unemployed in November. Unemployment was therefore 8.2 percent higher than a year earlier. The unemployment rate was reported at 6.1 percent. The outlook for 2024 remains gloomy. According to a forecast by the Institute for Employment Research, unemployment in the state is expected to rise further on average over the year.
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- The unemployment rate in Dresden, the capital of Saxony, was also higher than the previous year, following a similar trend in the rest of the state.
- The IAB's Regional Directorate in Dresden is also anticipating an increase in unemployment rates in the city for 2024, aligning with the state's forecast.
- Despite these challenges, various initiatives by the Federal Employment Agency's regional directorate in Chemnitz and Dresden are aimed at boosting employment opportunities in the local labor market.
- The unemployment figures for Chemnitz and other major cities in Saxony, such as Leipzig and Dresden, will be crucial indicators of the state's overall labor market health in 2023, according to the Federal Employment Agency.
Source: www.stern.de