Press release No. 127 of 28 March 2024 Employment in February 2024: slight upward trend continues

Press release No. 127 of 28 March 2024

Persons in employment resident in Germany, February 2024
0.0% on the previous month (seasonally adjusted)
+0.1% on the previous month (not seasonally adjusted)
+0.4% on the same month a year earlier

WIESBADEN- Roughly 45.7 million persons resident in Germany were in employment in February 2024. According to provisional calculations of the Federal Statistical Office (Destatis), the seasonally adjusted number of persons in employment rose slightly by 14,000 (0.0%) compared with the previous month. In January 2024, the number of persons in employment was up by 56,000 month on month.

Without seasonal adjustment, there was a similar increase in the number of persons in employment (+24,000, or +0.1%) in February 2024 on January 2024. The increase was less pronounced, however, than the February average of the last two years, 2022 and 2023 (+62,000 people).

Slower upward trend year on year

Compared with February 2023, the number of persons in employment in February 2024 was up by 0.4%, or 194,000. In February 2023 the change on the previous year stood at 1.0%, halving to 0.5% until September 2023. In January 2024, the change on the previous year was also 0.5%. Compared with the previous year, the long-term upward trend on the labour market therefore continued at a slower pace.

Adjusted unemployment rate at 3.2% in February 2024

According to results of the labour force survey, 1.55 million people were unemployed in February 2024. This represented an increase of 193,000, or 14.3%, compared with February 2023. The unemployment rate rose to 3.5% (February 2023: 3.0%).

Adjusted for seasonal and irregular effects, the number of unemployed stood at 1.41 million in February 2024, which was an increase of 5,000 on January. At 3.2%, the adjusted unemployment rate was unchanged from January 2024.

Methodological notes:

The differing comparative periods must be taken into account in all press releases on short-term indicators. Short-term economic monitoring focuses on comparisons with the previous month or previous quarter. These reflect short-term economic trends. Year-on-year comparisons, by contrast, enable long-term comparisons of levels and are hardly influenced by seasonal fluctuations.

The number of persons in employment from the employment accounts differs from that of the labour force survey, which has been integrated into the microcensus. The differences are mainly due to the different conceptual approaches (national or domestic concept) of the two statistical systems. Background information on the differences in the results is available in the explanatory notes (only in German) on the statistics. For information on the microcensus and the labour force survey please refer to the relevant theme page (only in German) on the website of the Federal Statistical Office.

Persons in employment and unemployed persons are counted according to the employment status concept of the International Labour Organization (ILO). Therefore, the unemployment figures shown here differ from registered unemployment as determined and published by the Federal Employment Agency in accordance with the German Social Code. In the European Statistical System, the results of the labour force surveys are used as a standard basis for calculating unemployment rates.

More information:

A table containing monthly results on the number of persons in employment (unadjusted values and seasonally adjusted values) from the employment accounts is shown on the employment page of the Federal Statistical Office's (Destatis) website. Tables containing unemployment results (only in German) from the labour force survey including the unemployment rate are also available on this page. Detailed data and long time series are available from the GENESIS-Online database. Data on persons in employment from the employment accounts are available in tables 13321-0001 (months), 13321-0002 (quarters) and 81000-0011 (years). Monthly data on persons in employment and unemployed persons from the labour force survey can be found in tables 13231-0001 (overview), 13321-0002 (unemployed persons, persons in employment and economically active population) and 13231-0003 (unemployment rates).

Labour market results are also available on Dashboard Germany at www.dashboard-deutschland.de (only in German). This data portal of the Federal Statistical Office combines up-to-date indicators from official statistics producers and other data providers on the topics of the economy, finance, health and mobility. The portal also contains the interactive Economic Pulse Monitor (Pulsmesser für die Wirtschaft) tool (only in German) for real-time economic monitoring.

Special webpage on skilled labour:

A special webpage of the Federal Statistical Office combines facts and figures on the subject of skilled labour (www.destatis.de/fachkraefte) (only in German). It provides data on demography, employment, economic activity, education and immigration. The information offered ranges from projections of the future size of the labour force to analyses of the labour supply and data on labour migration and the vocational training market. New information is added continually.

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