SGB III (Sozialgesetzbuch III)

SGB III (Sozialgesetzbuch III) is a part of German social law that manages unemployment insurance and job placement services. It aims to support individuals who are unemployed or seeking work by providing financial assistance, counseling, and training opportunities. The law also helps integrate people into the labor market through various programs, ensuring they receive support to find suitable employment. Employers benefit from incentives and programs that help them fill vacancies. Overall, SGB III's goal is to reduce unemployment and promote active labor market participation efficiently and fairly.