Rösler: Labour market remains anchor of stability for the economy
The latest figures on Germany's labour market were published today by the Federal Statistical Office and the Federal Employment Agency. Responding to the report, Federal Minister of Economics and Technology Dr. Philipp Rösler stated:
"In these very turbulent times, Germany's labour market remains an important anchor of stability for our economy. It is reflecting the somewhat weaker level of economic dynamism at present, but on balance its positive trend is continuing. Despite the calmer economic developments, no turnaround on the labour market is in sight. In fact, the opposite is true: the companies remain very willing to take on more employees. This makes it all the more important to keep optimising the business environment and to remove impediments to growth."
As reported today by the Federal Statistical Office, roughly 41.58 million persons were employed at places of work in Germany in May 2012 (domestic concept). This was 561,000 more than in May 2011. Compared to the previous month, the number of persons employed rose by 37,000 (seasonally adjusted).
The number of jobs requiring social insurance contributions rose to 28.88 million in April. This was 666,000 up on a year ago,and represented an increase of 46,000 over the previous month (seasonally adjusted).
According to Federal Employment Agency data, the number of registered unemployed stood at 2.809 million in June. This was 46,000 fewer than in May. Overall, unemployment was down by 84,000 compared to a year ago. In seasonally adjusted terms, the number of unemployed in June rose by 7,000 compared with May.