April 1, 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

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.

Source: DESTATIS
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