US EditionGermany's Jobless Total Passes 3 Mln, Highest in 12 Years
- Germany's unemployment rose to 3.085 million in January, the highest in 12 years, as reported by the Federal Employment Agency .
- The unemployment rate increased by 0.4 percentage points to 6.6 percent, marking a significant rise from the previous month.
- Jobseekers are facing challenges, with registered job vacancies falling to 598,000, a decrease of 34,000 from the prior year.
- BA head Andrea Nahles stated there is currently 'very little momentum in the labor market,' as companies continue job cuts across various sectors.
24 Articles
24 Articles
The number of unemployed in Germany increased by 177,000 in January and reached 3,085,000, which is the highest figure since 2014 and an unemployment rate of 6.6%, according to statistics published this Friday by the Federal Employment Agency (BA), which attributed the rise to the winter stop.The unemployment rate rose four tenths compared to the previous month and 0.2 percentage points or 92,000 people in annual terms.The rise in unemployment a…
The number of unemployed is rising on a seasonal basis in January, and an important threshold has been exceeded this year.
The labour market remains morose across the Rhine, where the number of unemployed rose by 177,000 in January.
The number of unemployed rose to over three million in January. Andreas Peichl, head of the Ifo Centre for Macroeconomics, calls for reforms and better framework conditions: "Even if people want to work, they have to find a job first."
The number of registered unemployed in Germany increased to more than three million in January.
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