Summer unemployment in Nuremberg: Numbers rise alarming

Summer unemployment in Nuremberg: Numbers rise alarming

Nuremberg (dpa) - the developments on the labor market throw a shadow on the German economy, since the number of unemployed recorded a significant increase in July this year. This situation raises questions, not only about the immediate effects on those affected, but also about the long -term changes that can be observed throughout the economy.

rising unemployment: a warning signal

In July, a worrying development could be determined: 2.809 million people reported unemployed, which represents an increase of 82,000 people compared to the previous month. This corresponds to an unemployment rate of 6.0 percent, 0.2 points higher than in June. In addition, a look at the previous year's number shows an increase of 192,000 unemployed, which underlines the urgency of the situation.

decline more open spots and growing short -time work

The number of open jobs reported to the Federal Employment Agency has also decreased and is now 703,000 - 69,000 fewer than in the previous year. This indicates increasing uncertainty in the economy. Another indication is the data on short -time work: Out of 58,000 people, economic short -time work was displayed in the period from July 1 to 25, which means an increase of a third compared to the previous month. These ads are an early indication of possibly upcoming restrictions in production and employment.

preparation for the training market

A bright spot is the movement in the training market. In July, 121,000 applicants were looking for an apprenticeship, while 204,000 vacancies were available. This discrepancy shows the different regional conditions: in federal states such as Bavaria and Baden-Württemberg there are sufficient training positions, while in other regions the number of applicants is above the available positions. It remains to be seen how these figures will develop by October, since the training market usually remains active until late autumn.

Financial effects on the Federal Employment Agency

The increasing numbers of unemployed will not only affect individual fates, but also on the finances of the Federal Employment Agency. Board of Directors Daniel Terzenbach pointed out that the planned economic recovery has so far failed to materialize, which leads to a poorer financial result than expected. In the first half of 2024, 10.9 billion euros were already spent on unemployment benefit, with an annual budget of 20 billion euros.

perspectives for the corporate landscape

General uncertainty on the labor market is also reflected in the corporate perspective. The IFO Institute reported on a returning employment barometer, which means that companies have become more careful when planning personnel. Klaus Wohlrabe, head of the IFO surveys, finds that the stagnating economy and lack of orders undermine the willingness to hire new employees.

It remains to be seen how the situation on the labor market will develop. The increase in unemployment and the uncertainty in companies could not only influence the individual quality of life, but also endanger the country's economic stability. These developments require careful observation of the other economic trends and the political measures that contribute to the stabilization of the labor market.

- Nag