Article Audio Reading In Different Languages - Click The Globe
Germany – Nürnberg
“The labor market is still under pressure due to the corona pandemic, even if the German economy is on a recovery path. The massive use of short-time work has prevented greater increases in unemployment and job losses, ”said the Regional Regions Executive Board of the Federal Employment Agency (BA), Daniel Terzenbach, today at the monthly press conference in Nuremberg.
Number of unemployed in July: +57,000 to 2,910,000
Number of unemployed compared to the previous year: +635,000
Unemployment rate compared to the previous month: +0.1 percentage points to 6.3 percent Unemployment, underemployment and unemployment
The number of unemployed rose to the usual extent at the beginning of the summer break from June to July. The corona-related increase has not continued for the time being this month. At 2,910,000, the number of unemployed was 57,000 higher than in the previous month. Seasonally adjusted it decreased by 18,000.
The number of unemployed rose by 635,000 compared to the previous year. The unemployment rate rose by 0.1 percentage points to 6.3 percent and was 1.3 percentage points higher than in July last year. The unemployment rate determined by the Federal Statistical Office according to the ILO employment concept was 4.5 percent in June.
Underemployment, which also takes changes in labor market policy and short-term incapacity into account, increased seasonally adjusted by 5,000 compared to the previous month. The total underemployment in July 2020 was 3,661,000. That was 465,000 more than a year ago. Short-time work Before starting short-time work, companies must report the expected loss of work.
According to the latest data on audited advertisements, short-time economic activity was displayed for 190,000 people from July 1 to 26, inclusive. This means that the number of people for whom short-time work is displayed continues to decrease significantly after the massive increase in March and April.
Current data on actual use are available until May. According to provisional extrapolated data from the Federal Employment Agency, short-time economic benefits were paid for 6.70 million workers in May, after 6.10 million in April and 2.46 million in March. The use of short-time work was thus far above the values at the time of the Great Recession in 2008/2009. Employment and employment subject to social security contributions the Corona crisis has also led to a significant drop in employment and employment.
According to the Federal Statistical Office, the number of people in employment (according to the domestic concept) in June decreased seasonally adjusted by 40,000 compared to the previous month. With 44.62 million people, it was 681,000 lower than in the previous year.
Employment subject to social security contributions declined in May compared to the previous year by 98,000 to 33.33 million employees. From April to May, influenced by the economic constraints of the corona pandemic, there was a seasonally adjusted decrease of 74,000, after 268,000 in the previous month. Labor demand the demand for new workers declined massively at the beginning of the Corona crisis, and has currently stabilized at a low level. 573,000 jobs were registered with the BA in July, 226,000 fewer than a year ago.
Seasonally adjusted, the number of jobs registered with the BA decreased by 5,000. As in the previous two months, job announcements rose slightly in July. The BA job index (BA X) – an indicator of the demand for personnel in Germany – rose by one point to 92 points in July 2020. It is 35 points below the previous year’s value. Cash benefits 1,149,000 people received unemployment benefits in July 2020, 409,000 more than a year ago. The number of employable beneficiaries in the basic security for job seekers (SGB II) was 4,079,000 in July. Compared to July 2019, this was an increase of 179,000 people. 7.5 percent of people of working age living in Germany were in need of help.
Training market Compensation on the training market has slowed in the wake of the Corona crisis. Currently there is still a delay of about six to eight weeks, even if a catch-up has been visible since June. From October 2019 to July 2020, 439,000 applicants for a training position registered with the employment agencies and job centers, 40,000 fewer than in the same period in the previous year. Of these, 182,000 were still looking for in July.