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New Data Show Eastern Job Losses as Germany’s Total Inches Up

Employers are holding back on hiring, Ifo’s employment barometer dropping to 92.5 in September, the lowest since June 2020.

Overview

  • Saxony-Anhalt employed 983,900 people in the second quarter, down 4,600 year over year, extending a decline reported since late 2022.
  • Job losses in Saxony-Anhalt were concentrated in manufacturing (−4,600), with agriculture down 300 and services up by 200.
  • In Thuringia, employment fell 0.8% in 2024 (−8,100) to 1,015,400, which officials link to demographic aging and Baby-Boomer retirements.
  • Nationwide, employment in 2024 edged up 0.1% to 45.99 million, with Hamburg up 0.8% while Saarland and Mecklenburg-Vorpommern each fell 0.9%.
  • Over two decades, Berlin’s employment has risen by more than 40% and Hamburg by 30%, while Saxony-Anhalt and Thuringia show slight long-term declines.