Germany's Employment Hits New Heights in 2024

According to the German Federal Statistical Office (Destatis), in 2024, approximately 46.1 million people are employed in Germany on an annual average, marking the highest number since the reunification of Germany. The statistical office noted that the average number of employed individuals in 2024 has increased by 72,000 compared to the previous year.

Excluding the pandemic year of 2020, the number of employed individuals has steadily risen since 2006. However, the office indicated that the pace of employment growth has significantly slowed since mid-2022.

According to data from the statistical office, the increase of 72,000 employed individuals in 2024 follows larger increases of 622,000 in 2022 and 336,000 in 2023.

The service sector was the only sector contributing to the increase in total employment in 2024, with 75.5% of all employed individuals working in this sector. The number of employed individuals in industry decreased by 50,000, while employment in the construction sector fell by 28,000.