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Upward trend on the labour market in Germany continues at slightly slower pace


Persons in employment resident in Germany, February 2023
+0.1% on the previous month (seasonally adjusted)
+0.1% on the previous month (not seasonally adjusted)
+0.9% on the same month a year earlier

Roughly 45.5 million persons resident in Germany were in employment in February 2023. The seasonally adjusted number of persons in employment continued to rise on the previous month, by 31,000 or +0.1%, according to provisional calculations of the Federal Statistical Office (Destatis). In January 2023, there was a slightly larger month-on-month increase in the seasonally adjusted number of persons in employment by 73,000 (+0.2%).

Without seasonal adjustment, the number of persons in employment increased to a similar extent (+34,000 people or +0.1%) in February 2023 on January 2023. The increase was less pronounced than compared with the February average of the three pre-crisis years 2017 to 2019 (+63,000 people).

Unemployment rate at 3.0% in February 2023

According to results of the labour force survey, 1.32 million people were unemployed in February 2023. That was a decrease of 79,000, or 5.6%, compared with February 2022. The unemployment rate was 3.0% (February 2022: 3.2%).

Adjusted for seasonal and irregular effects, the number of unemployed stood at 1.29 million, which was a decline on January 2023 (-14,700 people, -1.1%). The adjusted unemployment rate was 2.9% in February 2023.

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