Unemployment in Saxony: Slight decline in August 2023!

Unemployment in Saxony: Slight decline in August 2023!

Current developments on the labor market make it clear that the situation in Saxony will show a slight upward trend in August 2023. Loud South German newspaper The number of unemployed fell by around 900 people to around 151,200. The unemployment rate fell by 0.1 percentage points to 7.0 percent. Nevertheless, a comparison with August 2022 is necessary here, because back then the rate was 6.5 percent, which shows that there is still room for improvement despite the decline.

While the general figures have improved, there has been an increase in unemployment in some districts of Saxony. Zwickau, Görlitz, Northern Saxony and Chemnitz are particularly affected. The highest rates can be found in Chemnitz at 9.8 percent, followed by Görlitz (8.9 percent) and Leipzig (8.8 percent). On the other hand, the lowest rates are recorded in the Saxon Switzerland-Eastern Ore Mountains (5.4 percent) and in the Ore Mountains (5.6 percent). Klaus-Peter Hansen, the head of the regional directorate, highlights the economic uncertainties that influence the development of the labor market.

Regional differences and challenges

A look at the area of ​​social security shows that unemployment in Saxony continues to face challenges despite the general decline. Reported at the end of 2024 the employment agency 140,360 unemployed, an increase of 8,263 people compared to the previous year. This shows that rural regions such as the Erzgebirgskreis are suffering more from the increase.

The current figures show that job centers looked after 92,538 unemployed people, while 47,822 were looked after through employment agencies. This reflects the structure of the Saxon labor market and highlights the challenges that continue to exist. The unemployment rate was 6.5 percent in December, a slight increase compared to the previous year.

Industries in focus

The decline is particularly noticeable in the economically sensitive areas. In the manufacturing sector, the number of jobs subject to social security contributions fell by 8,100, and temporary employment lost 4,500 jobs. In contrast, the situation in nursing and healthcare looks more positive, with increases of 3,700 and 2,900 jobs compared to the previous year.

The total of 1.63 million employees in Saxony are facing change. A slight decrease in unemployment is expected for September 2023, which will be favored by the return of many people from the summer holidays and the start of training for young people. At the same time, the question of the stability and future viability of the labor market remains relevant given the global uncertainties.

Those interested can find comprehensive data and analyzes on the situation on the labor market at BMAS, where current statistics and reports are provided to gain a deeper insight into developments.

The further development of the labor market remains exciting. Are these trends just a short-term relief or are there bigger changes ahead? The coming months will provide information about this.