German labor market in Q1 sets new employment record

Source: Xinhua| 2019-05-01 00:37:39|Editor: Mu Xuequan
Video PlayerClose

BERLIN, April 30 (Xinhua) -- Entering the 14th consecutive year of growth, the number of people employed in Germany has continued to rise slightly year-on-year, the Federal Statistical Office (Destatis) reported on Tuesday.

About 44.9 million people living in Germany were in employment in March 2019, an increase of 495,000 people compared with March 2018, according to provisional calculations by Destatis.

"The number of people in employment continued to rise in the first quarter at an almost undiminished rate. One has to take a very close look in order to discover indications of an economic slowdown," Holger Schaefer, senior economist for employment and unemployment at the German Economic Institute (IW) told Xinhua on Tuesday.

This increase once again set a new record in the number of people employed in Germany since German reunification in 1990 that was set earlier in January this year.

Schaefer noted that "the number of people employed in temporary employment agencies, which are particularly sensitive to economic fluctuations, is now declining significantly."

The total employment rate in Germany increased by 1.7 percent to 67.7 percent, according to Destatis, while the number of unemployed people fell by more than 7 percent to 1.38 million. The adjusted unemployment rate was unchanged at 3.2 percent.