The positive trend in the labour market at the capital of the Free State of Bavaria in January continued in February, as the Employment Agency Munich announced on Tuesday, March 1, 2016. In the past month there were 40,945 persons registered as unemployed in Munich, which is a decrease of 1,123 unemployed from the previous month. The good figures are due to the mild weather in February and the overall good economy. Also encouraging is the low youth unemployment rate. The positive trend is not only limited to the City of Munich. Not only the city but also the entire Greater Munich can look back on a positive trend in the labour market in February 2016: A total of 46,231 people were registered as unemployed throughout the Munich area, 1,253 less than in the previous month.
Low Youth Unemployment Rate in Munich
"In February, the positive trend has continued in the labour market. Unemployment has fallen and employment keeps its upward trend. The good economic and the mild weather in February, slowed the usual seasonal increase in unemployment“ says the CEO of Employment Agency Munich, Harald Neubauer, satisfied. Also encouraging is the low unemployment rate among young people at the agency’s district of Munich. In February 2,737 young people aged between 15 and 25 years were registered as unemployed, which corresponds to a rate of 2.9 per cent.
In other Munich and Bavaria labour market news, recent numbers have shown that employees in Munich and throughout the Free State are healthy above the German average. Within Munich, employees only miss 11.3 days from work due to illness. The figures for other parts of Bavaria are some 3 per cent higher. This is attributed to the average age of employees in Munich compared to the age of employees in more rural areas of the state.