Despite the fourth corona wave: the number of unemployed continues to decline

Despite the fourth corona wave
The number of unemployed continues to decline

The recovery on the labor market continues despite the fourth corona wave. According to the Federal Employment Agency, 2.3 million German citizens were unemployed in November. That is another 60,000 less than in the previous month. On the other hand, a different development can be seen in the area of ​​short-time work.

The number of unemployed in Germany fell to 2.317 million in November. This means that 60,000 fewer people were unemployed in November than in October and 382,000 fewer than in November 2020, according to the Federal Employment Agency in Nuremberg. The federal agency stated the unemployment rate at 5.1 percent; in October it was 5.2 percent. The rate is 0.8 points lower than in November 2020.

For the November statistics, the Federal Agency took into account data that had been received by November 11th. The fourth wave of the corona pandemic has hardly had any impact on the labor market so far. “The recovery of the last few months has continued on the labor market. Consequences of the current, worrying corona situation in Germany have so far hardly been evident,” said the chairman of the Federal Employment Agency (BA), Detlef Scheele.

However, there has been some movement in the area of ​​short-time work. Advertisements continue to come from the industry, which is plagued by delivery bottlenecks, but increasingly also from the hospitality industry, said the Federal Agency. From November 1 to 24, notifications were received for 104,000 people about short-time work. That is around 10,000 more than the Federal Agency reported in October. The actual utilization is usually lower. Secure data are available for this up to September. At that time, 795,000 people took advantage of short-time work. At the peak of the first corona wave in April 2020, there were almost six million.

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