Labour market information

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Germany - National Level

Short overview of the labour market

With 82.3 million inhabitants, Germany is the fourth-largest economy and industrial nation in the world. The overwhelming majority of German businesses are small and medium-sized enterprises. A total of 61% of the workforce in Germany works in these small and medium-sized enterprises. In 2016, Germany was the world's third-largest export nation, behind the United States and China.

Overall, the labour market has continued to develop positively in Germany. Unemployment increased in August compared with February, but fell compared with the same month of the previous year. Demand for labour, in terms of employment and notified vacancies, remains high.
Number of unemployed persons in August 2017: 2 544 845
Unemployment rate in August 2017: 5.7%
Year-on-year change: -5.2%

According to figures from the Federal Employment Agency, as at June 2017 employment in jobs subject to social security deductions had increased in West and East Germany compared with the same month in the previous year:

Number of people in jobs subject to social security deductions: 32.18 million
Year-on-year change: +809 000/+2.6%

In June 2017, 23.24 million, or 72%, of the total of 32.18 million people in jobs subject to social security deductions worked full-time, while 8.94 million, or 28%, worked part-time. The number of jobs subject to social security deductions is growing across all federal states, with the strongest growth rate (+4.4%) again recorded in Berlin.
In the year-on-year comparison between sectors, the predominant picture was of growth across the board. The clearest increases in employment in June 2017 were in the sectors:

•    ICT (+5.5%)
•     Real estate, professional, scientific and technical services (+4.5%)

Slight job losses were recorded in the sector:

•    Provision of financial and insurance services -1.3%)

Text last edited on: 07/2018

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