Number of persons in employment continued to increase in April 2024 (2024)

Number of persons in employment up 0.2% year on year

Press release No. 217 of 4 June 2024

Persons in employment resident in Germany, April 2024
+0.1% on the previous month (seasonally adjusted)
+0.2% on the previous month (not seasonally adjusted)
+0.2% on the same month a year earlier

WIESBADEN – Roughly 45.8 million persons resident in Germany were in employment in April 2024. According to provisional calculations of the Federal Statistical Office (Destatis), the seasonally adjusted number of persons in employment rose by 25,000 (+0.1%) on the previous month. In January, February and March 2024, the number of persons in employment increased at a lower rate, by 4,000, 17,000 and 8,000, respectively, compared with the previous month.

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Without seasonal adjustment, the number of persons in employment in April 2024 rose by 88,000, or +0.2%, on March 2024. The rate of increase therefore was the same as the April average of the years 2022 and 2023.

Slower upward trend year on year

Compared with April 2023, the number of persons in employment in April 2024 was up 0.2%, or 110,000. The year-on-year rate of change in April 2023 stood at 0.9%, while it was 0.4%, 0.3% and 0.2% in January, February and March 2024, respectively. Compared with the previous year, the long-term upward trend in the labour market therefore continued in April at a slow pace.

Adjusted unemployment rate at 3.2% in April 2024

According to results of the labour force survey, 1.42 million people were unemployed in April 2024. This represented an increase of 67,000, or 4.9%, on April 2023. The unemployment rate rose to 3.2% (April 2023: 3.1%).

Adjusted for seasonal and irregular effects, the number of unemployed stood at a stable 1.42 million in April 2024 compared with March 2024 (-1,000 persons or -0.1%). The adjusted unemployment rate remained unchanged at 3.2% compared with the previous month.

Methodological notes:

The differing comparative periods must be taken into account in all press releases on short-term indicators. Short-term economic monitoring focuses on comparisons with the previous month or previous quarter. These reflect short-term economic trends. Year-on-year comparisons, by contrast, enable long-term comparisons of levels and are hardly influenced by seasonal fluctuations.

The number of persons in employment from the employment accounts differs from that of the labour force survey, which has been integrated into the microcensus. The differences are mainly due to the different conceptual approaches (national or domestic concept) of the two statistical systems. Background information on the differences in the results is available in the explanatory notes (only in German) on the statistics. For information on the microcensus and the labour force survey please refer to the relevant theme page (only in German) on the website of the Federal Statistical Office.

Persons in employment and unemployed persons are counted according to the employment status concept of the International Labour Organization (ILO). Therefore, the unemployment figures shown here differ from registered unemployment as determined and published by the Federal Employment Agency in accordance with the German Social Code. In the European Statistical System, the results of the labour force surveys are used as a standard basis for calculating unemployment rates.

More information:

A table containing monthly results on the number of persons in employment (unadjusted values and seasonally adjusted values) from the employment accounts is shown on the employment page of the Federal Statistical Office’s (Destatis) website. Tables containing unemployment results (only in German) from the labour force survey including the unemployment rate are also available on this page. Detailed data and long time series are available from the GENESIS-Online database. Data on persons in employment from the employment accounts are available in tables 13321-0001 (months), 13321-0002 (quarters) and 81000-0011 (years). Monthly data on persons in employment and unemployed persons from the labour force survey can be found in tables 13231-0001 (overview), 13321-0002 (unemployed persons, persons in employment and economically active population) and 13231-0003 (unemployment rates).

Labour market results are also available on Dashboard Germany at www.dashboard-deutschland.de (only in German). This data portal of the Federal Statistical Office combines up-to-date indicators from official statistics producers and other data providers on the topics of the economy, finance, health and mobility. The portal also contains the interactive Economic Pulse Monitor (Pulsmesser für die Wirtschaft) tool (only in German) for real-time economic monitoring.

Special webpage on skilled labour:

A special webpage of the Federal Statistical Office combines facts and figures on the subject of skilled labour (www.destatis.de/fachkraefte) (only in German). It provides data on demography, employment, economic activity, education and immigration. The information offered ranges from projections of the future size of the labour force to analyses of the labour supply and data on labour migration and the vocational training market. New information is added continually.

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Number of persons in employment continued to increase in April 2024 (2024)

FAQs

Number of persons in employment continued to increase in April 2024? ›

Without seasonal adjustment, the number of persons in employment in April 2024 rose by 88,000, or +0.2%, on March 2024. The rate of increase therefore was the same as the April average of the years 2022 and 2023. Compared with April 2023, the number of persons in employment in April 2024 was up 0.2%, or 110,000.

What is the employment forecast for 2024? ›

U.S. employment is projected to increase 6.5 percent during the 2014–24 decade, from 150.5 million jobs in 2014 to 160.3 million jobs in 2024.

What do you think the unemployment rate was in the month of April 2024? ›

Steady, stable growth. The U.S. labor market added 175,000 jobs in April, another solid month for job gains, with over 60% of private-sector industries adding jobs. The unemployment rate ticked up slightly to 3.9%–it went from 3.83% to 3.86%–and the labor force participation rate held steady at 62.7%.

What are the BLS projections for 2024? ›

Total employment is expected to grow at a rate of 0.6 percent annually, reaching 160.3 million jobs by 2024. Gains will be led by the healthcare and social assistance sector, which is projected to add more than one-third of all new jobs over the projections period.

Are the number of jobs increasing or decreasing? ›

The U.S. job market expanded in May for the 41st consecutive month, with the number of new jobs growing at a surprising pace. May saw the addition of 272,000 new jobs, a rebound after the rate of growth slowed in April.

What is the highest projected employment for 2024? ›

The Top 20 Fastest-Growing Careers for 2024
RankCareer2022 Median Pay
1Nurse practitioner$125,900 per year
2Wind turbine service technician$57,320 per year
3Ushers, lobby attendants, and ticket takers$24,440 per year*
4Motion picture projectionists$29,350 per year*
16 more rows
Jun 12, 2024

What is the growth forecast for 2024? ›

Description: Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025.

How many jobs were lost in April 2024? ›

CharacteristicNumber in millions
Apr '243.24
Mar '243.04
Feb '243.22
Jan '243.03
9 more rows

What was the inflation rate in April 2024? ›

Inflation eased slightly in April, providing some relief for consumers. On a 12-month basis, however, the CPI increased 3.4%, in line with expectations. Core inflation was at 3.6%, the lowest reading ex-food and energy since April 2021.

What is the state of the US economy in April 2024? ›

The U.S. goods and services trade deficit increased in April 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $68.6 billion in March (revised) to $74.6 billion in April, as imports increased more than exports.

What is in demand in 2024? ›

US Job Market 2024-2025

The highest-paying job roles are in STEM, HR, sales and marketing, finance nursing, healthcare, and ICT. The employment trends in the US are facing a high demand for immigrants with technical skills.

How long does it take to get a job in 2024? ›

As the climate changes, those seeking employment will need to be proactive in the process, reaching out to their network, adapting job search strategies and honing in on their most marketable skills. It will likely take a few weeks to a few months to secure employment as we move forward into the new year.

What is the wage inflation rate in 2024? ›

U.S. inflation rate versus wage growth 2020-2024

The rate of inflation exceeded the growth of wages for the first time in recent years in April 2021. In April 2024, inflation amounted to 3.4 percent, while wages grew by 4.7 percent.

What are the employment trends in 2024? ›

The 2024 US job market embodies a dynamic amalgamation of continuity and change, underscored by trends such as remote work adoption, AI integration in recruitment, and a renewed focus on employee well-being and skills-based hiring.

Is unemployment rising in 2024? ›

U.S. unemployment rate vs.

It fell to 6.8% by October 2020 and continue to fall 3.4% by January 2023 and rose to 3.9% by April 2024. Average hourly earnings started at 2.6%, rose to 3.6% by February 2019 and rose to 8% by April 2020, the highest level since pandemic.

What is the working population in the U.S. in 2024? ›

U.S. civilian labor force seasonally adjusted 2022-2024

In May 2024, the civilian labor force amounted to 167.73 million people in the United States.

Is it hard to find a job right now in 2024? ›

So far, in 2024, the job market has been getting tougher. Layoffs are up, wage growth is slowing down, and unemployment has ticked up to 3.9%.

What is the prediction of the US economy in 2024? ›

The US economy's ongoing normalization has progressed further through the second quarter. Amid healthy consumer fundamentals, we have revised up our GDP forecast for 2024 by 30 basis points (bp) to 2.5%, and for 2025 by 20 bp to 2.1%.

What is the rate outlook for 2024? ›

As of the Summary of Economic Projections on June 12, most policymakers anticipated one or two interest rate cuts in 2024. A minority of FOMC members projected rates would not change in 2024 from their current 5.25% to 5.5% range.

What is the most demand jobs in 2024? ›

Let's look at the highest-paying careers that are growing fast and hiring the most in 2024.
  • General and Operations Managers. ...
  • Medical and Health Services Managers. ...
  • Light Truck Drivers. ...
  • Financial Managers. ...
  • Nurse Practitioners. ...
  • Market Research Analysts and Marketing Specialists.

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