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The labor market recovers after two years of pandemic

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Lower Saxony and Bremen
The labor market recovers after two years of pandemic

The economic crisis caused by the coronavirus pandemic was very serious at times. But the economy has regained its balance, and with it the labor market.

Hannover (dpa/lni) – After two years of the pandemic, the labor market in Lower Saxony has largely recovered from the consequences. “In Lower Saxony we have reached the pre-crisis level in terms of unemployment, employment and demand for personnel,” said Johannes Pfeiffer, director of the Lower Saxony-Bremen regional directorate of the Federal Employment Agency. In Bremen, the labor market in terms of employment and demand for personnel exceeds the pre-crisis level. However, the effects of the war in Ukraine on the economy have yet to be determined.

According to the agency, more than 3.1 million people had a job subject to social security contributions, more than before the pandemic. Without the Corona crisis, the level of employment subject to social security contributions would probably be even higher today, as growth was interrupted by the drop at the start of the pandemic in the spring of 2020. As a result of the first lockdown, the number of jobs subject to social security contributions fell to just over 3.0 million in July 2020.

Also in the state of Bremen, 342,700 people had a job subject to social security contributions than before the outbreak of the pandemic. As of July 2020, only 331,300 people in the two-city federal state had an employment relationship subject to social security contributions due to the first lockdown.

According to the Employment Agency, the unemployment figures had peaked exactly a year ago, also due to the effects of the second confinement. In February 2021, 269,037 people were registered as unemployed in Lower Saxony and 42,510 in Bremen. Apart from a seasonal rise in January, unemployment has since fallen again: in February 2022, 95,000 people were unemployed in Lower Saxony. In Bremen, however, the Employment Agency has recorded a continuous increase in long-term unemployment, which rose from 14,459 in February 2020 to 17,624 in February 2022.


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