Labor market - Unemployment up in Saxony - annual balance sheet
Unemployment in Saxony rose in December. In total, more than 132,000 men and women in the Free State were without a job at the end of the year, the regional directorate announced on Wednesday. This put the unemployment rate at 6.2 percent (previous month: 6.1 percent). Compared to November, the number of unemployed rose by around 2100 people, and by 9900 within a year. The annual average of around 131,000 unemployed people is around 12,900 more than the average for 2022.
"In view of the economic situation, the existing risks and general conditions, the Saxon labor market still got off lightly in 2023. For 2024, I expect rising unemployment figures and less good news from the labor market due to the prevailing uncertainty," explained Klaus-Peter Hansen, head of the authorities. Unfortunately, little will change in the medium term. The regional directorate wanted to present the entire balance sheet in Dresden this morning.
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- The Regional Directorate in Saxony anticipated a rise in unemployment figures for 2024 due to prevailing uncertainty, as stated by Klaus-Peter Hansen, the head of the authorities.
- Despite the economic challenges, the unemployment rate in the labor market of the Free State was relatively lower compared to some other regions, according to the annual balance sheet announcement.
- More than 132,000 men and women in the regional directorate's jurisdiction, specifically the Free State, faced unemployment at the end of 2023, with an increase of around 2100 people from the previous month.
- The increase in unemployment during the year was significant, with around 9900 additional individuals becoming unemployed in the labor market, causing the annual average of unemployed individuals to surpass the 2022 average by around 12,900.
Source: www.stern.de
