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Germany Experiences Jobs Boom and Records high Employment Figures

January 2018, 10
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Germany-Experiences-Jobs-Boom
Owing to an increased immigration Germany experiences a jobs boom. Today more people work in the country than ever before. The employment figures are at a record high. Though it has an ageing population, it saw 600,000 additional people working when compared to 2016. The main cause for this development was the increase in immigration.

Data regarding this matter was released by the Federal Office of Statistics suggesting that the increase was for the twelfth consecutive year. There was an increase in the labour force in the service sector, accounting for 75% of workers, apart from the manufacturing and construction. The agricultural sector fell by 0.3%. The contributors to social security increased and the number of low-income workers considerably decreased. November 2017 witnessed the unemployment rate of 5.3% in the active population out of work in Germany. This was the newest low since Reunification of East and West Germany in 1990.

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