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Number of persons in employment goes up by 1.4 mn
26
May '08
According to provisional results of the Federal Statistical Office (Destatis), the number of persons in employment whose place of employment was in Germanyamounted to about 39.8 million in the first quarter of 2008. Compared to the first quarter of 2006, the number of persons in employment in Germanyhence rose by 1.4 million or 3.7% as a result of the continued job growth linked to economic development.

In the service sector alone, a total of 1.1. million (+3.8%) additional jobs were created in the past two years. In that period, strong employment gains were also recorded in industry (including energy) and construction (+218,000 persons/+2.8% and +104,000 persons/+5.1%, respectively), which had been characterised by continuous job losses in the years before.

Compared to a year earlier, the number of persons in employment increased by 686,000 or 1.8% in the first quarter of 2008. Hence the increase in employment continued with nearly unabated momentum on a year earlier (fourth quarter of 2007 on the previous year: +703,000 persons or +1.8%).

Different trends were however observed in the individual industries: In industry (including energy), increasing year-on-year growth rates were recorded for the individual quarters since the first quarter of 2007. In the first quarter of 2008, the relevant figure amounted to +151,000 persons (+1.9%), after +136,000 persons (+1.7%) in the fourth quarter of 2007. In the service sector as a whole, the number of persons in employment increased by 532,000 or 1.9% in the reference quarter. This growth rate was very similar to the rate observed a year earlier (first quarter of 2007: +534,000 persons or +1.9%). Like in the fourth quarter of 2007, however, the number of jobs declined slightly in construction (–2,000 persons or –0.1%). In agriculture and forestry, the increase in the number of persons in employment was as strong as in the fourth quarter of 2007 (+5,000 persons or +0.6%).

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Courtesy: H&M

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