Lowest Unemployment Rate in Germany in 24 Years Photo: CC0 Public Domain

Lowest Unemployment Rate in Germany in 24 Years

By  Thursday, 29.10.2015, 11:43    General News

The current unemployment rate in Germany is the lowest since 1991. The number of unemployed people in Germany dropped in October by 59,000 to 2.649 million. These are 83,000 unemployed less than a year ago, as the Federal Employment Agency announced in Nuremberg today. The unemployment rate decreased by 0.2 points to 6.0 per cent.

"The favorable development in the labour market continues. Unemployment and underemployment seasonally adjusted fell slightly, the strong growth in employment is unbroken. The demand for labour has risen again." Said the CEO of the Federal Employment Agency (BA), Frank-J. Weise today at the monthly press conference

The demand for new employees is further directed upward. In October 612,000 jobs were registered with the Federal Employment Agency, 95,000 more than a year ago. Particularly sought were workers in the fields of transport and logistics, sales and metal fabrication, machining and metal work. This was followed by occupations in engineering and vehicle technology and mechatronics, energy and electrical engineering. The job index of the Federal Employment Agency (BA-X) - an indicator of the demand for labour in Germany - rose in October 2015 by five to 202 points. The demand for labor has thus once again risen significantly.

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Vilijam Zufic

Translator (German, Croatian, English), guide and unacknowledged blogging genius. Born and lives in Pula, Istria, Croatia. Educated in Germany, Croatia and the United States, economics graduate. Currently beginning to prepare to train for pulling himself up by his bootstraps. Married with children. Father of Croatia’s greatest football talent. Knows all there is to know about Istria, camping and bratwurst. At the verge of something big with the only German language blog on Istria Inistrien.de. No sense of humour. Here to meet like-minded people.

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