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Unemployment in Saxony reaches its highest October level in 10 years!
Unemployment in Saxony reaches its highest October level in ten years. Regional differences shape the situation.
Unemployment in Saxony reaches its highest October level in 10 years!
Who would have thought that the situation on the labor market in Saxony would take such a significant turn? star reports that unemployment in the Free State reached an alarming high in October - the highest it has been in a decade. With around 147,700 people registered as unemployed, the numbers are down slightly compared to the previous month, but with 8,000 additional unemployed compared to the previous year, the future looks anything but rosy. The unemployment rate is currently 6.8 percent.
The gloomy forecast is no coincidence: Klaus-Peter Hansen, the head of the regional directorate of the Federal Employment Agency, is pessimistic and speaks of an imminent increase in unemployment over the 150,000 mark at the turn of the year, which would mean a rate of over 7 percent. These developments are particularly noticeable in the manufacturing sector and in the area of temporary employment, where employment figures have fallen sharply. While there are gains in health and social care, these cannot compensate for losses in other sectors.
Developments in detail
A look at the statistics makes you sit up and take notice: since August, employment figures have fallen by a total of around 18,500. The decline in vacancies is particularly drastic: “Just 31,000 vacancies are still registered, which is 3,100 fewer than in the previous year,” according to the sober analysis. However, there are regional differences that deserve a closer look.
| region | Unemployment rate |
|---|---|
| Saxon Switzerland-Eastern Ore Mountains | 5.3% |
| Erzgebirgskreis | 5.4% |
| Chemnitz | 9.6% |
As the regional distribution shows, the situation in the city of Chemnitz is particularly precarious with an unemployment rate of 9.6 percent, while in other districts the numbers are significantly lower. This reflects not only the economic differences, but also the challenges facing the companies based there.
Causes and perspectives
The decline in unemployment compared to September should not be understood as a long-term trend. A large part of the changes were caused by the activities of employment agencies and job centers, which try to overcome the challenges on the labor market with further training and qualification measures. According to the Statistics Saxony Every employed person is relevant, regardless of whether the activity secures their livelihood or not. Professional and personal challenges are not left out - from soldiers to other professionals, everyone must be included in the considerations.
In the face of this dramatic situation, there is a divided feeling among the population. The hope for a quick improvement is dwindling, and Klaus-Peter Hansen's statement is more than clear: “There are currently no signs of a fundamental turnaround in the labor market.” Citizens in Saxony are called upon to remain vigilant and possibly take action themselves to improve their own situation. No matter how you twist it, there is something there and the job market still has a lot to offer. But now it's time to have a good hand.