📋 Tender Overview
Our labor market is in good shape again in November. Compared with the previous month unemployment fell by 24000 to 2180000. This is the lowest level since reunification. The unemployment rate was 4.8 percent. Fortunately employment subject to social insurance continues to grow albeit at a slower pace than last year. The service industry and good domestic demand are the pillars here.I am especially pleased about the decline in long-term unemployment by 66000 compared to the previous year. Nevertheless nearly 700000 people are still unemployed for a long time which is why we must not let these people integrate into the labor market.Despite the increase in employment there are global economic risks that we are seeing and structural changes in the labor market that we are shaping. We also have a special focus on the supply industry and mechanical engineering. We will provide further tools for qualification and further education. At the same time we are well-prepared for quickly accessible labor market policy measures such as short-time work benefits.
