Upward trend in Germany's labor market ends after 14 years: Destatis

Source: Xinhua| 2021-01-05 00:23:31|Editor: huaxia

BERLIN, Jan. 4 (Xinhua) -- The COVID-19 crisis in 2020 ended a 14-year streak of job growth in Germany, which also continued during the global economic and financial crisis, the Federal Statistical Office (Destatis) said on Monday.

The number of people in employment with place of work in Germany decreased by 1.1 percent year-on-year to around 44.8 million people, according to Destatis.

"Employment in Germany fell for the first time since 2005," Holger Schaefer, senior economist for employment and unemployment at the German Economic Institute (IW), told Xinhua on Monday. "At the same time, this was the sharpest decline since 1993."

In Germany's service sector, the number of employees in 2020 fell by 2 percent in trade, transport and hospitality and by 2.5 percent in business services, including labor leasing, according to Destatis.

Meanwhile, employment in public services, education and health in Germany increased by 1.4 percent, Destatis said.

In industry, the number of people in employment declined by 2.3 percent to around 8.2 million in 2020. The construction industry continued to provide "positive contributions" to the country's labor market with an increase of 0.7 percent to around 2.6 million people in employment.

The overall development in employment in Germany last year was "almost entirely driven by the coronavirus pandemic despite a previously emerging recession," said Schaefer. As shown by the unemployment figures, which only increased slightly, the labor market in Germany remained stable. Enditem

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