The Federal Employment Agency publishes the unemployment rate every month.
(Photo: imago images / Future Image)
Nuremberg Despite the economic consequences of the Ukraine war, the German labor market is still on the up. According to the Federal Employment Agency (BA), the number of unemployed fell by 53,000 to 2.309 million in April. That was 462,000 fewer than a year ago, as the BA announced on Tuesday. The unemployment rate fell by 0.1 points to 5.0 percent.
Taking seasonal fluctuations into account, the number of unemployed fell by 13,000 according to the BA. Experts polled by Reuters had expected a drop of 15,000.
“With the spring revival and the easing of the corona measures, the recovery on the labor market is continuing,” explained BA boss Detlef Scheele. However, the development will be slowed down by Russia’s war against Ukraine.
Despite the economic uncertainty caused by the war in Ukraine, the number of people in employment exceeded the level reached before the corona pandemic for the first time in March.
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Around 45.2 million people residing in Germany had a job, as determined by the Federal Statistical Office. This means that, seasonally adjusted, 0.1 percent or 41,000 more people were in employment than in February 2020, the month before the start of the corona crisis in Germany.
The demand from companies in Germany for workers has recently risen to a record high: the job index of the BA climbed to 138 points in April and thus to the highest level since the beginning of the data series in 2005. The end of most corona restrictions and the spring revival have led to an upturn Demand led in almost all sectors, it said.
More: The Ukraine shock has hardly any impact on the willingness to hire – trade and IG Metall warn of a shortage of skilled workers