| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy


Finfacts changes from 2015

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Jan 7, 2015 - 10:36 AM


German employment at record high
By Finfacts Team
Nov 27, 2014 - 11:18 AM

Email this article
 Printer friendly page

The number of persons in employment in Germany rose to over 43m for the first time in October 2014. In October 2014, 43.006m persons resident in Germany were in employment according to provisional calculations of Destatis, the federal statistics office. Meanwhile the federal Labour Office (BA - Bundesagentur für Arbeit) said there were 2.717m unemployed people in November, 16,000 less than the previous month and 89,000 fewer than at the same time last year.

Destatis said that there was  an increase of 408,000 people or 1.0% on October 2013. In the months May to September 2014, the growth rate was stable at 0.9%. In October 2014, roughly 1.98m people were unemployed, 121,000 fewer than a year earlier. The unemployment rate was 4.7% according to the International Labour Office standard.

According to provisional results of the employment accounts, in October 2014 the number of persons in employment increased by 110,000, or 0.3%, on September 2014, which was due to the autumn upturn. On an average of the last five years, the increase in the number of persons in employment in October on the relevant previous month had been slightly lower (96,000 people). After seasonal adjustment, that is, after the elimination of the usual seasonal fluctuations, the number of persons in employment increased by 33,000, or 0.1%, in October 2014 compared with the previous month.

"In the golden autumn of October, the number of jobless people has dropped significantly. The current economic insecurities are not appearing in the job market," said Frank-Jürgen Weise, BA head .

Experts have been warning of a weakening German labour market, though the latest statistics show it to be more robust than thought.

There were 2.717m unemployed people in November, 16,000 less than the previous month and 89,000 fewer than at the same time last year.

The unemployment rate - a measure of the unemployed total against the working population as a whole - was steady at 6.6%  in seasonally adjusted terms, the office calculated.

In raw or unadjusted terms, the jobless total fell by 15,900 and the jobless rate was also unchanged at 6.3%.

The latest figures show that there are also 517,000 available jobs on the BA's job market. Demand is strong in the metalworking, transportation and logistics, sales and hospitality sectors.

Related Articles


© Copyright 2015 by Finfacts.ie

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015