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No 'spring revival' for Germany as unemployment rises

  • Germany's unemployment rate unexpectedly increased in March, with the seasonally adjusted rate rising to 6.3 percent, according to data released by the Federal Labor Office on Friday.
  • This increase occurred despite March typically being a period of employment growth known as the 'spring revival', and followed two months of steady unemployment rates.
  • The number of jobless individuals rose by 26,000 to a total of 2,967,000, exceeding analysts' forecasts of a 10,000 increase and marking the steepest monthly rise since October 2024, while the number of job vacancies declined by 64,000 compared to the previous year, reaching 643,000.
  • Employment agency chief Andrea Nahles stated that 'the economic downturn' was hindering hiring, while ING bank economist Carsten Brzeski described the March figures as 'the weakest March number since the financial crisis' of 2007-2009.
  • The rise in unemployment reflects the challenges faced by the German economy, including a manufacturing slowdown, weak export demand, and a struggling auto sector potentially impacted by new US tariffs, despite government efforts to revitalize the economy through a major fiscal overhaul and increased defense spending.
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No 'spring revival' for Germany as unemployment rises

Germany's unemployment rate unexpectedly rose in March after holding steady for two months, data showed Friday, with economists lamenting no "spring revival" was in sight for Europe's ailing top economy.

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hna.de broke the news in on Friday, March 28, 2025.
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