The number of unemployed rose to 2.210 million last month. However, this is the lowest value in a December since reunification – as well as the total number of unemployed for the whole of 2018. Now that the Unemployment in Germany happens to be a very important factor, the deals are essential here.

The labour market also developed positively at the end of last year. According to the Federal Employment Agency (BA), the number of unemployed rose by 23,000 from November to December to 2.21 million. The increase was smaller than usual for December.

That’s the lowest unemployment count in a December since reunification. The unemployment rate is increased by 0.1 percentage points to 4.9 per cent. Taking the seasonal fluctuations into account, according to the BA, the number of unemployed fell by 14,000 m / m in December.

Unemployment fell in total in 2018

Calculated for the whole of 2018, unemployment in Germany in 2018 has dropped to its lowest level since reunification. According to BA figures, an average of 2.34 million people was unemployed in Germany last year 193,000 fewer than in the previous year. The average unemployment rate fell by 0.5 points to 5.2 per cent.

“The labour market has continued to develop very well, although the economic upturn has lost some momentum,” said BA chief Detlef Scheele. Particularly pleasing are the decline in long-term unemployment and the progress made in the labour market integration of refugees.

Significantly more workers

According to projections of the Federal Statistical Office in November, the number of employed persons was 45.22 million to 34,000 more than in the previous month. Compared to the previous year, there were 483,000 more in employment. The increase is mainly due to more employment subject to social insurance contributions, according to the Federal Agency. According to calculations by the BA, this increased by a seasonally adjusted 68,000 from September to October. This meant that 33.47 million people in Germany had a regular job recently to 696,000 more than a year earlier.

4. Return quick loans first

With the money saved, try to repay fast loans as soon as possible. They are usually smaller but also much more expensive than bank ones. Start with the highest monthly instalments and larger amounts, and clear them one at a time.

5. Negotiate bank loans

Pay only the minimum necessary. Pay the instalments in part. Ask for an extension of time and a reduction in the monthly instalments. If you start delaying and not paying on time, the bank will be more likely to do so.

Those surveyed who are aware of these changes in the law are 37%. According to them, the total cost of the loan has not changed (32%). Thus, they evaluate the introduction of a maximum APR according to almost as many lenders have started offering new paid services (securing a guarantor, bank guarantee fee, etc.). In short, some people with quick loans do not consider that the change in legislation has in any way affected the cost of this type of loans.

Paul Petersen