Good news from the German labour market: The corona-induced increase in unemployment has continued in July. Although the number of unemployed has increased, but only for this time of year, usual size: to of 57,000 to 2,910 million.
editor in the economy.F. A. Z. Twitter
In the summer, the unemployment is increasing, typically, is because many young people between the end of school and start of training reported to be unemployed. For comparison: In July of last year, the number of unemployed had risen to well 59.000. Excluding seasonal effects, fell, unemployment in July of this year even: by 18,000.
"The labour market is due to the Corona pandemic is still under pressure, even if the German economy is on a recovery course," Daniel said third stream, the Board of regions at the German Federal employment Agency (BA). "The massive use of short-time work has prevented greater increases in unemployment and loss of Employment."
At the same time of 635,000 people, however, are more unemployed than a year ago – a development that hardly anyone would have held before the outbreak of the pandemic, probably for possible.
6.7 million short-time workers
New Figures published by the BA for short-time work: According to preliminary extrapolated data, was disbursed accordingly in may to 6.7 million Workers economic short-time working money. Contrary to previous estimates, the number of workers on short time was in may and even in April (6.1 million).
The authority expects to short-time working will be long above the level of the large economic and financial crisis of the years 2008 and 2009. At the time, around 1.4 million Employees in short-time work were in the forefront.
In a similar direction a also on Thursday published a survey of the Munich Ifo-Institute, for the regular 9000 companies interviewed are indicated. Accordingly, the company returned to the short-time work only slowly: In July, 42 percent of the surveyed companies in short-time work were still, according to 46 percent in June and 53 percent in may. Particularly the industry is affected according to the survey, with 57 percent.
The number of the working population with place of residence in Germany has not declined, according to data from the Federal Statistical office Thursday in June, seasonally adjusted. You, therefore, amounts to 44.5 million. However, a mixed picture emerges here. Because 655.000 people were also less employed than in February, the month before the outbreak of the Corona pandemic in Germany.Updated Date: 30 July 2020, 05:19