• Germany edition
 
Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
3,446
jobs available
Find English-speaking professionals with The Local.
Advertise a vacancy
German labour market feels winter chill
Photo: DPA

German labour market feels winter chill

Published: 28 Mar 2013 12:13 CET

In seasonally-adjusted terms, the jobless total rose unexpectedly by 13,000 to 2.935 million in March, according to data published by the Bundesbank, the German central bank.

Analysts had been expecting no change in the seasonally-adjusted jobless total.

At the same time, the jobless rate – which measures the number of people registered as out of work against the working population as a whole – was unchanged at 6.9 percent.

The federal labour agency in Nuremberg, which compiles the monthly unemployment data, nonetheless insisted that the job market "continues to be in good shape."

The agency focuses on raw or unadjusted numbers, which actually showed a fall of 58,400 in the headline jobless number to 3.098 million, while the jobless rate slipped to 7.3 percent in March from 7.4 percent in February.

Labour agency chief Frank-Jürgen Weise explained that the decline was due to the usual spring upturn, but he noted that the upturn was smaller than usual for this time of year.

Analysts suggested that the long and cold winter was to blame.

"The harsh and long winter is hurting Germany's labour market," said Berenberg Bank economist Christian Schulz.

"But the increase in unemployment by 13,000 in March will probably remain a temporary blip," he insisted.

With the jobless rate remaining unchanged at 6.9 percent, "the positive trends remain unbroken," the expert argued.

More and more jobs were continuing to be created, Schulz pointed out.

And while the pace of job creation would likely slow noticeably over the coming months, it would be "followed by a rebound in the second half of 2013 if Europe manages to keep a lid on the euro crisis," he said.

"The job market may not be quite as buoyant as in the last couple of years with hiring intentions easing. But it remains very healthy. High job security and rising salaries should support consumption and thus domestic demand," Schulz said.

Click here for The Local's job listings

Earlier, retail sales in Germany surprised to the upside last month, rising modestly after already clocking up strong gains the previous month, according to Destatis, the federal statistics office.

Natixis economist Johannes Gareis said he was also wrong-footed by the rise in the jobless total this month.

But "today's data do not contradict the view of a solid German labour market, defying the sustained weak economic performance of its neighbours. We expect the German unemployment rate to remain close to a post-reunification low at 6.9 percent in 2013," he said.

Newedge Strategy analyst Annalisa Piazza put the blip in the jobless numbers down to "the recent renewed pressures of the eurozone debt crisis in March" as businesses became more cautious in their hiring plans.

"Companies are sceptical about creating new jobs in the current uncertain environment," she said.

But Jennifer McKeown at Capital Economics was pessimistic.

The unemployment data "brought more evidence that the impressive labour market recovery is petering out, with the number of unemployed in Germany rising for the ninth time in 12 months," she said.

"In all, while a relatively robust labour market and the strong state of households' finances should allow German consumer spending to expand modestly this year, we think that those still waiting for a strong consumer revival are likely to be disappointed," McKeown concluded.

AFP/mb

The Local (news@thelocal.de)


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Your German Career
What do German bosses need to do to get more out of their staff? Frankfurt-based business consultant Justin Bariso has this advice.
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
Students at German universities have shown themselves to be a risk-free lot in a survey by Ernst & Young. The civil service is their most popular choice of future profession, while job security is valued above all else.
Jenny Core, originally from Bolton, England, shares her tips in this week’s My German Career on being an artist in Berlin. The 27-year-old exhibits her work regularly in the city, including next to a Turner Prize shortlister.
In this week's JobTalk, Tanya Schober, who is originally from India, talks us through her journey to German citizenship.
In this week's My German Career, Anupama Gopalakrishna, who is originally from Bangalore in India, tells The Local about her new life in Frankfurt.
German Employment News
The Local speaks to experts from the German startup scene to find out how to get a job at a freshly-minted technology company.
Volkswagen hopes to put more robots to work as it says goodbye to its retiring baby boomer employees, the company's chief of human resources wrote in the Süddeutsche Zeitung on Monday.
The jobmesse deutschland (Job Expo Germany) is rolling into Berlin on Saturday as part of its annual 18-city tour. Here's why you should go if you're looking for a job in Germany.
A new study shows more and more immigrants are starting businesses in Germany, bringing some much-needed entrepreneurial spirit to the country.
It’s not quite as romantic as the Nanny Diaries, nor is it as magical as Mary Poppins. But being an au pair in Germany can be fun, as Emma Anderson finds out.
What kind of companies are hiring foreigners in Germany? And which type of firm should you target for your next career move? Recruitment expert Chris Pyak reveals all to JobTalk.

IELTS Examiners – British Council China
The British Council is recruiting a team of IELTS examiners to be based in one of our four main cities in China: Beijing, Shanghai, Guangzhou or Chongqing. This presents an exciting opportunity for new or current IELTS examiners to work in one of the world’s largest and most dynamic English language assessment environments
FULL JOB AD »

StepStone Deutschland GmbH
Düsseldorf
Stepstone
Added 10/20/14

think-cell Software GmbH
Berlin
Stepstone
Added 10/20/14

StepStone Deutschland GmbH
Brüssel, Berlin, Düsseldorf, Warschau
Stepstone
Added 10/20/14

Celesio AG
Stuttgart
Stepstone
Added 10/20/14

Kautex Textron GmbH & Co.KG
Bonn-Holzlar
Stepstone
Added 10/20/14

StepStone Deutschland GmbH
Düsseldorf, Brussels
Stepstone
Added 10/20/14

StepStone Deutschland GmbH
Berlin, München, Brüssel
Stepstone
Added 10/20/14

JobManager24 GmbH
München / Home Office
Stepstone
Added 10/20/14

Bigpoint GmbH
Hamburg
Stepstone
Added 10/20/14

Churchill Frank
Bavaria
Careerbuilder
Added 10/20/14