No surprise: German unemployment hits ten-year high

No surprise: German unemployment hits ten-year high

The country's economy is facing a third consecutive year without growth Unemployment in Germany has risen to its highest level in a decade, official figures released on Friday showed. The labor report comes as the country's faltering economy risks contracting for a third consecutive year. The figures showed the number of unemployed individuals having topped three million in August for the first time since 2015. The month-on-month increase came i…

Unemployment in Germany surpasses 3 million: why the crisis is only just beginning - Economic Scenarios

According to the Federal Employment Agency (BA), reported by DW , the number of unemployed in Germany has exceeded three million for the first time in over a decade. In theory, unemployment should decline thanks to the government's major civil and military investment plans, but so far no improvement is seen, especially since unemployment levels have already been high in recent months. "This will be the focus of the federal government," Chancello…

German unemployment hits ten-year high

The country’s economy is facing a third consecutive year without growth© Getty Images / skynesherUnemployment in Germany has risen to its highest level in a decade, official figures released on Friday showed. The labor report comes as the country's faltering economy risks contracting for a third consecutive year.The figures showed the number of unemployed individuals having topped three million in August for the first time since 2015. The month-…