“The number of unemployed increased slightly in February, but overall, the labour market was resilient,” said the chairperson of the Federal Employment Agency, Andrea Nahles.
The seasonally adjusted jobless rate remained stable at 5.5%.
“Since Germany’s reunification, never have so many firms complained about labour shortages – in this sense, the labour market is hot,” Commerzbank chief economist Joerg Kraemer told Reuters. According to the latest survey by the Ifo institute, 43.6% of German companies are affected by a shortage of skilled workers.
In non-adjusted terms, the labour market recorded an increase of 4,000 people out of work from January to February, with the total of unemployed rising to 2.62 million. The unemployment rate remained unchanged at 5.7% in non-adjusted terms.
There were 192,000 more unemployed in February 2023 than in the same month last year. Without the Ukrainian refugees that have come to Germany since the…
Read More