Job Market Monitor
Germany
Aging Labor Force – The case of Germany
“Here is the biggest problem we face,” the senior official from Chancellor Angela Merkel’s government told me as he pulled out a pen and drew a pie-graph circle on his napkin. “This is the working-age population of Germany – 45 million people.” Then he drew a thick slice, almost a sixth of the circle: “This … Continue reading
Unemployment in Germany in January 2015 – At Record Low
Germany’s unemployment rate declined to a record low at the start of the year, reflecting an improvement in the labor market after the euro area’s biggest economy expanded the most in three years during 2014. The jobless rate dropped to a seasonally adjusted 6.5 percent in January from a revised 6.6 percent in December, the … Continue reading
By 2030, many of the world’s largest economies will have more jobs than adult citizens to do those jobs Rainer Strack says
It sounds counterintuitive, but by 2030, many of the world’s largest economies will have more jobs than adult citizens to do those jobs. In this data-filled — and quite charming — talk, human resources expert Rainer Strack suggests that countries ought to look across borders for mobile and willing job seekers. But to do that, … Continue reading
Unemployment in Germany vs Italy – Three lessons
Looking at sound economic growth in Germany and the long-lasting stagnation in Italy often raises the question of what is going on behind the scenes. Many Italian people ask themselves to whom or what should be blamed for, the government and policy makers, labour market reforms, education system or the culture? While the sluggish economy … Continue reading
Germany – Unemployment rate to a record low
The Federal Statistical Office revised October’s unemployment number from 6.7% to 6.6%, November’s figure was also 6.6%. Both figures were adjusted for seasonal variation. Meanwhile inflation fell to its lowest rate in nearly five years in November. Official figures showed inflation dropped to 0.5% in November from 0.7% in October. Strong labour market The fall … Continue reading
Population aging could have effects that are positive study says
In this paper, we addressed the important question of how selected areas of life will be affected as populations grow older and smaller. We used the case of Germany, a country that is at a relatively advanced stage of the demographic transition, to study the potential long-run implications of population aging. In the decades prior … Continue reading
Germany – Unemployment rate at 6.7 percent in August for the eighth consecutive month
Germany’s unemployment rate fell to 6.3 percent in October as the labor market in Europe’s biggest economy continued to gain steam. The Federal Statistical Office said Thursday 2.733 million people were jobless in October, 75,000 fewer than in September, when the unemployment rate was 6.5 percent. Adjusted for seasonal trends, the jobless rate stood at … Continue reading
Unemployment in Germany – Steady at 6.7 percent in September
German joblessness increased unexpectedly in September but the jobless rate remained low and a surge in August retail sales offered hope that private consumption can help prop up Europe’s largest economy in the third quarter. The number of people out of work rose by 13,000 to 2.918 million – its highest level since January – … Continue reading
Germany – Unemployment rate stood at 6.7 percent in August
The unemployment rate stood at 6.7 percent in August after adjustment for seasonal blips, the same rate as in July. But the number of people registered as unemployed edged up by 2,000 to 2.901 million, the Federal Labour Office said in a statement. This was unexpectedly bad. Analysts had been pencilling in a decline this month of about … Continue reading
Germany – Unemployment drops for first time in three months
German unemployment fell for the first time in three months in a sign that Europe’s largest economy is gathering pace after a second-quarter slowdown. The number of people out of work dropped a seasonally adjusted 12,000 to 2.9 million in July, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline of 5,000, according … Continue reading
Unemployment Insurance in Germany
Until 2005, Germans who were out of work and in need would receive 60% of the net salary of their last job 67% if they had children, tax free, then after a year, it would go down to 53%. Former chancellor Gerhard Schröder made it his mission to change this system, a programme known as … Continue reading
Skills Gap in Germany – Students snub vocational schools
Forget the strong euro or competition from Asia. German industry’s main concern today isn’t selling its products but finding the people to make them. The country’s 200-year-old two-tier education system, credited for building one of the most productive workforces on the planet, is sputtering as young Germans increasingly shun vocational schools—the gateway to manufacturing careers—for … Continue reading
Unemployment in Germany – Biggest rise in five years in May
German unemployment posted its strongest monthly rise in over five years in May, but the Labour Office said mild winter weather was largely to blame for the unexpectedly weak figures. The number of people out of work increased by 24,000 to 2.905 million on a seasonally-adjusted basis, data showed on Wednesday. It was the largest … Continue reading
Spanish migrants to Germany – Up 19 percent in 2013
A total of 44,119 people left Spain for Germany in 2013, 19 percent more than the previous year, stats from Germany’s official stats body show. Spain came sixth in the table of countries supplying new immigrants to Germany in 2013, behind Poland (197,000), Romania (135,416), Italy (60,651), Bulgaria (59,3239) and Hungary (58,993). Out of the … Continue reading
Germany should take steps “to heal the split in the labour market” says OECD
Germany’s current economic success offers a good platform for achieving sustainable and inclusive growth, but further reforms will be necessary over the medium and long term, according to the latest OECD Economic Survey of Germany. Among the priorities are making the tax system more socially just and environment-friendly, strengthening the financial sector, so that it … Continue reading
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