Roughly 46.1 million persons residing in Germany were employed in November last year, according to provisional estimates of the Federal Statistical Office (Destatis).
The seasonally-adjusted number of employed persons rose by 24,000, or 0.1 per cent, month on month (MoM) in November 2024.
In October, employment increased by 12,000 persons. Employment, therefore, showed a slightly positive trend again recently following average monthly declines of 19,000 persons in the months between June and September last year, after adjustment for seasonal variations.
The seasonally-adjusted number of employed rose by 0.1 per cent month on month (MoM) in the month; without seasonal adjustment, it rose by 0.1 per cent MoM.
Nearly 1.49 million were unemployed—a 10.1-per cent YoY rise.
The unemployment rate rose to 3.3 per cent over 3.1 per cent in November 2023.
Without seasonal adjustment, the number of persons in employment in November rose by 31,000, or 0.1 per cent, MoM. This MoM rise was higher than the average recorded for November 2022 and November 2023.
Compared with November 2023, the number of persons in employment was almost unchanged in November last year. Employment in the country, therefore, remained at the previous year's level for the third consecutive month last year; the change rates in September and October 2024 also were zero per cent.
Nearly 1.49 million people were unemployed in November last year—a YoY increase of 138,000, or 10.1 per cent. The unemployment rate rose to 3.3 per cent in the month compared to 3.1 per cent in November 2023.
Adjusted for seasonal and irregular effects, the number of unemployed stood at 1.52 million in November last year—a small MoM decline of 2,000 people, or 0.1 per cent. The adjusted unemployment rate remained unchanged at 3.4 per cent MoM.
Fibre2Fashion News Desk (DS)