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Sports Germany: Unemployment drops more than expected in December

16:04  04 january  2022
16:04  04 january  2022 Source:   pressfrom.com

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Berlin (Reuters - Unemployment in Germany has declined in December, according to official figures published by the Federal Office of Labor Tuesday, confirming the resilience of the labor market of the largest economy in Europe despite the rise in coronavirus infections.

The number of unemployed people feared from 23,000 in seasonal variations to reach $ 2.405 million in December, while the economists interviewed by Reuters provided for a decrease of 15,000.

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"The labor market has evolved well at the end of the year. The recovery of the previous months has continued," said Detlef Scheele, director of the Office of Labor.

The unemployment rate fell to 5.2%, the Office, at its lowest since March 2020, when Germany came into its first phase of confinement related to the coronavirus pandemic.

Scheele warned that an increase in coronavirus cases and the renewal of restrictions to contain the spread of the disease had increased uncertainties.

This was reflected by the increase in the number of companies reporting in December that they could soon give their employees to technical unemployment.

In October, the last month for which reliable data were available, the number of employees putting down working time in the context of employment protection plans, also known as Kurzarbeit, fell to any 710,000. A sharp drop in the peak of about 6 million, reached in April 2020.

(Michael Nienaber report, French version Augustin Turpin, edited by Blandine Hénault)

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