German Workers

German Unemployment Reaches Lowest Level in 25 Years

By Stephen Fuchs on Email @StephenWFuchs

The latest German unemployment numbers were released this week, and while the country’s stability looks shaken on the surface, the doubts over political policy, refugees and public divisions haven’t stopped the job market as the new numbers show the lowest level of unemployment in 25 years.

The overall unemployment rate came in at 4.2 percent and that number is expected to drop even lower in the coming months as businesses are reporting record numbers of job openings. While the jobless rate fell last month, the number of open positions rose to roughly 700,000.

And how are the refugees factored into this number?

For most, the German government supplies support until they can find suitable jobs, which places them into the category of underemployed. That underemployment number did rise a bit, but the government remains optimistic that many of them may be able to meet the requirements to fill the 700,000-plus openings, further adding to the sinking unemployment rate.

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Sources: Bundesagentur für Arbeit, Quartz

Photo: dedljiv [Flickr]

Stephen Fuchs
Stephen founded German Pulse and LGBT Germany out of a passion to introduce Americans to a Germany that goes beyond beer and polka (although with enough beer he has been known to polka it up a bit). He's a coffee addict, lover of wine and good times, a hit in the kitchen and editor of TV commercials. You can follow him on Twitter (@StephenWFuchs) to find out a lot more.
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