The number of German jobs reached a post-reunification high in 2022, with the tightness of the labour market in the eurozone’s largest economy expected to strengthen the European Central Bank’s resolve in raising interest rates.
About 45.6mn people were employed in Germany in 2022, up 589,000 from the previous year and more than at any time since German reunification in 1990, according to Destatis, the country’s official statistics agency.
The jobs market across the eurozone has remained tight despite weaker growth during the autumn and the prospect of a winter recession, with unemployment hitting a fresh low of 6.5 per cent in October — the most recent month for which data is available.
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