Germany's employment reached a record high in 2019 driven by higher labor force participation and the immigration of foreign workers, official data showed Thursday.
The number of persons in employment increased 0.9 percent in 2019, which was a smaller rise compared to the 1.4 percent increase seen in 2018, Destatis reported.
The employment increase observed for 14 years continued albeit with less momentum. Nonetheless, the number of employed persons rose to 45.25 million in 2019, the highest since the German reunification in 1991.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.