"In December, the winter break begins in the job market. As a result, unemployment and underemployment have increased in December, as is usual for this month," said Andrea Nahles.
"Looking back, the ongoing economic downturn in 2024 has left increasingly deep marks on the labor market," remarked Nahles, highlighting the challenges ahead.
The agency indicated that there were 654,000 job openings in December, 59,000 fewer than a year ago, indicating a slowdown in labor demand.
With an average loss of work around 28% for short-time workers, the program has secured jobs for around 90,000 employees, preventing further unemployment.
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