Still lack of staff
Number of unemployed rises in June
06/30/2023, 09:56 am
The labor market is developing poorly: compared to June a year ago, 192,000 more people are unemployed. The reason is the faltering economy. The bottom line is an unemployment rate of 5.5 percent.
The difficult economic situation in Germany is leaving its mark on the labor market. The number of unemployed rose in June. A total of 2.555 million people were unemployed, 11,000 more than in May and 192,000 more than a year ago, the Federal Employment Agency said. The unemployment rate was unchanged from May at 5.5 percent, but is 0.3 points higher than in June 2022.
“We are now also feeling the more difficult economic conditions on the labor market: Unemployment is rising and employment growth is losing momentum,” said BA boss Andrea Nahles. The Nuremberg authorities made it clear that unemployment would have risen even without taking Ukrainian refugees into account. She used data available up to June 13th.
Short-time work continues to be at a comparatively low level. In April, short-time work benefits were paid to 135,000 people. In March it was 160,000 and in February 151,000. More recent data is not available for the actual use of short-time work. Short-time work was announced for 45,000 people from June 1st to 26th – but it is unclear for how many this will also apply.
Irrespective of the economic problems, there is a shortage of staff in Germany. The number of vacancies in June was around 769,000, down more than 100,000 on a year ago. Nevertheless, a comparatively large number of jobs are still unfilled.