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  • Germany Experiences Significant Employment Decline in Q1 2023

    Daily Monitor May 19, 2026

    Germany Experiences Significant Employment Decline in Q1 2023

    Germany’s employment decreased by 486,000 jobs in the first quarter of 2023, marking a 1.1% decline.

    According to the Federal Statistical Office, the total number of employed individuals fell to 45.6 million, continuing a negative trend observed since summer 2025. Adjusted for seasonal effects, the decline remains at 61,000 or 0.1%. Year-over-year, employment decreased by 0.3%. The manufacturing and construction sectors were notably impacted, with reductions of 2.1% and 1.1%, respectively. In contrast, the service sector saw a modest increase of 45,000 jobs, primarily driven by growth in public services, education, and health, which added 181,000 positions (+1.5%). Overall, the number of employees subject to social security contributions decreased by 120,000 to 42 million.


    For journalistic integrity, this report was summarized from: handelsblatt.com

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