45.6 mn employed in 2022 in Germany on annual average; record high

The former record high of 2019 (45.3 million people) was exceeded by 292,000, or 0.6 per cent, Destatis said in a release.

In 2020, the COVID-19-induced crisis had stopped the upward trend in employment of more than 14 years and reduced the number of persons in employment by 362,000, or 0.8 per cent. In 2021, employment increased only slightly by 65,000 persons, or 0.1 per cent.

The immigration of foreign labour was one of the reasons why employment went up in 2022. In addition, there was a higher labour force participation of the domestic population.

These two contributions to growth more than offset the dampening effects of demographic change on the labour market, which will lead to a significant decline of the working-age population in the medium term, Destatis noted.

ALCHEMPro News Desk (DS)