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Current Job Market IS Still Stable in Germany

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Recently there are multiple posts currently showing about people losing jobs in Germany or being fired. There are certain fluctuations but over all the job market is stable and people do find jobs in this market also.

LABOUR MARKET IS STILL STABLE

✅The unemployment rate stagnated and was unchanged at 5.7 percent in April.

✅"The spring revival on the labor market will remain weak in April. One of the reasons for this is the sluggish economy. Overall, however, the labor market is in stable condition," said Andrea Nahles, Chairwoman of the Federal Employment Agency.

INCREASED NUMBER OF EMPLOYED

According to the BA, the number of people in work rose by 56,000 in March compared to February. Compared to March 2022, the number increased by 449,000 people.

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