Labor market in Magdeburg: July brings seasonal increase in unemployment

Labor market in Magdeburg: July brings seasonal increase in unemployment

Magdeburg-the summer has an impact on the labor market situation in the state capital of Saxony-Anhalt, as the current figures of the Saxony-Anhalt Agency show. This is significantly due to the seasonal changes in the unemployment rate, which rose to 8.9 percent in July 2024. The growth of unemployed people around 381 to a total of 11,314 illustrates the challenge that the labor market represents in this season.

Causes of the seasonal changes

Matthias Kaschte, the chairman of the management, leads the reasons for the increase in the unemployment number to the summer months. During this time, companies tend to reduce their attitude activities because there are many HR managers on vacation. The end of the school year and the run of training contracts also contribute to the increased number of younger unemployed people.

The look into the future

Although unemployment increases, Kasches also sees opportunities on the job market. Companies face numerous economic and geopolitical challenges and need specialists who are precisely tailored to their requirements. As a result, people whose skills do not match the advertised areas can have difficulty finding a job.

underemployment-a different perspective

A positive aspect is shown in the area of underemployment. This includes not only the unemployed, but also people in qualification measures, early retirement regulations and the like. The number of underemployed people without short -time work was 14,708 in July 2024 and thus shows a modest increase compared to the same month last year. The subdivision rate remains relatively constant at 11.3 percent.

take measures for better opportunities

The employment agency offers various support options to promote integration into the labor market. Kaschte emphasizes that the recognition and use of existing potential is crucial to increase the chances of a successful job occupation. This not only includes the provision of training programs, but also the improvement of the qualifications of job seekers.

Conclusion-A look at Magdeburg's labor market

The current situation on the Magdeburg labor market shows how seasonal and structural factors are interwoven. While the increase in unemployment seems worrying, it is important not to lose sight of the positive trend in the underemployment. With targeted measures and the right support, the opportunities for many job seekers could be significantly improved.

- Nag