Destatis: Germany’s Employment Sees Modest Uptick in November 2023, Reaching New High

(IN BRIEF) In November 2023, approximately 46.1 million persons residing in Germany were employed, marking a slight increase in employment. According to provisional calculations from the Federal Statistical Office (Destatis), the seasonally adjusted number of persons in employment rose by 19,000 (0.0%) compared to the previous month, following a similar increase in October 2023. However, when not seasonally adjusted, employment in November 2023 increased by 38,000 (0.1%) compared to October 2023, reaching a new all-time high. Compared to November 2022, the number of persons in employment increased by 0.4%, or 206,000 individuals.

(PRESS RELEASE) WIESBADEN, 3-Jan-2024 — /EuropaWire/ — Roughly 46.1 million persons resident in Germany were in employment in November 2023. According to provisional calculations of the Federal Statistical Office (Destatis), the seasonally adjusted number of persons in employment rose slightly by 19,000 (0.0%) compared with the previous month. A comparable increase was reported in October 2023, when the number of persons in employment rose by 18,000 month on month, following three consecutive declines. Overall, however, the seasonally adjusted level of employment has fallen slightly by 2,000 persons since June 2023.

Without seasonal adjustment, the number of persons in employment in November 2023 rose by 38,000 (+0.1%) on October 2023. This month-on-month increase was slightly lower than in November 2022 (+41,000 people). However, the increase means that the number of persons in employment also reached a new all-time high in November 2023, after passing the 46 million mark for the first time in October.

Slower upward trend year on year

Compared with November 2022, the number of persons in employment in November 2023 was up by 0.4%, or 206,000. The year-on-year rate of change was +0.5% in both September and October 2023, following +1.0% at the beginning of the year. Compared with the previous year, the long-term upward trend on the labour market therefore continued at a slower pace.

Adjusted unemployment rate at 3.1% in November 2023

According to results of the labour force survey, 1.35 million people were unemployed in November 2023. This represented an increase of 27,000, or 2.1%, compared with November 2022. Compared with the same month of the previous year, the unemployment rate remained unchanged at 3.0%.

Adjusted for seasonal and irregular effects, the number of unemployed stood at 1.36 million in November 2023, which was an increase of 5,000 on October 2023. Compared with the previous month, the adjusted unemployment rate remained unchanged at 3.1%.

More information:

A table containing monthly results on the number of persons in employment (unadjusted values and seasonally adjusted values) from the employment accounts is shown on the employment page of the Federal Statistical Office’s website. Tables containing unemployment results from the labour force survey including the unemployment rate are also available on this page. Detailed data and long time series are available from the GENESIS-Online database. Data on persons in employment from the employment accounts are available in tables 13321-0001 (months), 13321-0002 (quarters) and 81000-0011 (years). Monthly data on persons in employment and unemployed persons from the labour force survey can be found in tables 13231-0001 to 13231-0003.

Labour market results are also available on Dashboard Germany at www.dashboard-deutschland.de (only in German). This data portal of the Federal Statistical Office combines up-to-date indicators from official statistics producers and other data providers on the topics of the economy, finance, health and mobility. The portal also contains the interactive Economic Pulse Monitor tool (only in German) for real-time economic monitoring.

Special webpage on skilled labour:

A special webpage of the Federal Statistical Office combines facts and figures on the subject of skilled labour (www.destatis.de/fachkraefte) (only in German). It provides data on demography, employment, economic activity, education and immigration. The information offered ranges from projections of the future size of the labour force to analyses of the labour supply and data on labour migration and the vocational training market. New information is added continually.

SOURCE: Destatis