The labor market in Germany has developed worse in September than usual for the season. The number of unemployed fell by 94,000 in the previous month while on 2,808,000 returns, such as the Federal Employment Agency (BA) announced in Nuremberg on Tuesday. The decline was however weaker than in previous years.
This also lies the fact that fewer people were in support programs of BA. “Excluding normal seasonal effects outside of, but unemployment rises,” said BA chief Frank-Jürgen Weise. The seasonally adjusted unemployment rate unexpectedly put strong to 12,000. Bank economists had forecast, on average, with a decline of 2,000 in the previous month.
However, the labor market is doing well. The number of unemployed was 41,000 lower than a year ago and barely higher than in the boom times of the early 90s. In almost any other country in the euro zone’s unemployment rate is so low. She is in Germany unchanged seasonally adjusted 6.7 percent. Employment and social security contributions are, according to the BA increased seasonally adjusted in recent months.
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Given the Ukraine crisis and the sanctions against Russia as well as the weak economic development in the euro zone is, however, expected little movement for the current year in unemployment in Germany.