Unemployment rate in Germany falls to 26-year low in June

Source: Xinhua| 2017-06-30 22:32:53|Editor: Mu Xuequan
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BERLIN, June 30 (Xinhua) -- The German labor market continues its positive development, showcased by a 26-year record of the number of people employed registered in May 2017, the Federal Employment Agency (BA) based in Nuremberg reported Friday.

The number of unemployed people in Germany decreased by 25,000 to 2.47 million in June. This is the lowest value in a June since 1991. Compared to the previous year, there were 142,000 less unemployed people, the Employment Agency reported. The unemployment rate fell by 0.1 percentage points to 5.5 percent.

"The number of unemployed persons fell further in June for seasonal reasons," BA Chairman Detlef Scheele said. The employment and the demand of the companies for new employees have again increased strongly.

According to preliminary figures by the Federal Statistical Office, there were about 44.1 million employed persons in May - more than ever since German reunification. Compared to the previous year, the number increased by 648,000.

On the other hand, in seasonally adjusted terms, there was a slight increase in unemployment. The number of unemployed persons adjusted for seasonal influences was 2.55 million in June. This represent an increase of about 7,000 unemployed persons compared to the previous months.

In addition to the total workforce, the number of people with a regular job has also risen. According to calculations by the BA, the seasonally adjusted number of employments subject to social insurance rose from March to April by 37,000 to 32 million. This represents an increase of 727,000 compared to the same period in 2016.

Demand for labor is growing strongly at a high level. In June, 731,000 vacancies were registered with the BA, an increase of 66,000 compared to the previous year.