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.
13 Articles
13 Articles
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.
The number of unemployed is rising in January, but for the first time in over ten years it has exceeded an important threshold.
The highest January value in twelve years: again more than three million people are unemployed in Germany. The Federal Employment Agency blames seasonal reasons for the increase.
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