Lowest unemployment rate in 20 years

Lowest unemployment rate in 20 years

In the meantime, the dynamism of the labor market is weakening, which is reflected in the decline in the number of registered vacancies. Despite this gloom, however, the labor market remains robust. "The latest figures on the economic trend give rise to hopes that unemployment will continue to fall, albeit at a slower rate.", explains brigitte glos, head of the coburg employment agency.

In addition to the registered unemployed, underemployment in the agency district includes a further 2481 people who are, for example, undergoing further training or part-time work for older employees. Underemployment fell by around ten percent compared to the same month last year. The reduction in underemployment is thus higher than the reduction in unemployment.

The number of unemployed people supported by the job centers fell by a good ten percent to 3320 compared to the same month last year. Within a year, almost 400 people in the SGB II sector ended their unemployment. However, the majority of all unemployed (about 51 percent) belong to the legal group SGB II.

Fewer vacancies

in march, companies in the region reported 574 new job openings for employment in the primary labor market. Compared to april 2011, the number of jobs on offer fell by almost eleven percent.

Skilled workers are still in demand in the metalworking sector. Demand for nursing professionals also remains at a high level. Seasonal demand for skilled workers and helpers in the hotel and catering industry. Professional drivers are still in great demand. Retailers, freight forwarders and logisticians complain of a worsening shortage of skilled workers.

Kronach county has the lowest unemployment rate in the region at 4.1 percent. For the district of coburg, a rate of 4.2 percent is calculated for this month. The district of lichtenfels has an unemployment rate of 4.4 percent. In the city of coburg, the unemployment rate was 5.8 percent in april.

One Reply to “Lowest unemployment rate in 20 years”

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