11/2023 – Labour Markets
ZEW Monthly // 2023
In early November, the Federal Statistical Office reported a new record in the job market: By September 2023, employment in Germany surpassed the 46 million mark for the first time. Considering the multiple geopolitical crises and economic downturn, this is indeed encouraging news. However, despite the fact that employment has peaked, unemployment remains an important issue, with 2.6 million people currently looking for work.