Unemployment in Germany: A worrying increase!

The current unemployment statistics show a worrying increase in unemployment in Germany. Compared to the previous year, 170,000 people reported more unemployment in December 2022, as the Federal Employment Agency (BA) reported. The effects of the ongoing economic challenges are clearly noticeable.

Especially during the Lockdown era, the number of vacancies doubled to two million, which indicated a short-term relaxation on the labor market. Nevertheless, the growth weakness of the German economy has negative consequences for employment opportunities, while the job prospects according to the BA's Institute for Labor Market and Vocational Research have been disproportionately clouding disproportionately since mid-2024.

challenges on the job market

Structural effects, such as the shortage of skilled workers, dampen previous economic declines. The price competitiveness in international business is increasingly deteriorating, which is also burdening the labor market. In the past, especially in the years of the Merkel government, the German middle class experienced well-being without serious impositions. A social contract in Germany led to the fact that politics had largely freedom as long as the standard of living grew steadily.

The political stability that Germany enjoyed before inflation has changed. In the last three state elections in 2022, left and right-wing populist parties received less than 10% of the votes. The increase in unemployment and the simultaneous loss of purchasing power could now lead to social tensions. BA boss Andrea Nahles described the turn on the job market as a "winter break", which is considered inadequate.

Further information on the development of unemployment statistics can be found on the website of the Federal Employment Agency at Statistics.arbeitsagentur.de .

The comprehensive details on the current unemployment figures were published by welt.de