November 28, 2017
Virtually full employment in Bavaria
The labor market in Bavaria remains very strong. In October, 208,870 people were registered as unemployed. That means a reduction of 19,255 persons respectively of 8.4 percent compared to October 2016. The current unemployment rate is 2.9 percent – once again the lowest rate of all German federal states.
All Bavarian districts excel
The lowest rate in Bavaria was counted in the Upper Palatinate with 2.5 percent, followed by Lower Bavaria with 2.6 percent. Middle Franconia, the region with the highest unemployment within Bavaria, has a rate of 3.6 percent, which is still way below the overall-rate of Germany of 5.4 percent.
In 16 out of 23 employment agency districts the unemployment rate is lower than 3 percent, virtually implying full-employment.
In August, the number of employees increased – seasonally adjusted – by 12,000 people (compared to the previous month) and reached a new all-time high of 5.479 million employees.
Positive development expected to continue
It is assumed that the positive development will continue. The BA-X index for Bavaria, that measures the demand of companies for employees, rose by seven to 259 points. Furthermore, the Bavarian employment agencies actually count 126,633 vacancies suggesting a plus of 15,490 compared to September 2016.