Classics of Genre: the Number of Unemployed Began to Rise in Stagnating Germany
4 Articles
4 Articles
Germany's seasonally adjusted unemployment rate remained unchanged at 6.4% in October, in line with market expectations and remained at the highest level since 2020. The number of unemployed increased by 4,000 — less than expected — reaching 3,016 million and registering the highest level since March 2011. Exclusive subject matter for subscribers. To have full access, please access the link of the subject and register.
The number of unemployed in Germany has increased to 2.955 million. According to the Federal Labour Agency, the number of unemployed has increased by 44,000 since October last year.
In Germany, the number of seasonally adjusted unemployed increased by 4,000 in October to 3 million 16 thousand; the unemployment rate remained stable at 6.4 percent. While the increase fell short of expectations, Nahles, head of the Federal Labor Agency, noted that economic conditions are not yet sufficient for recovery.
The number of unemployed people in Germany has exceeded 3 million for the second consecutive month.
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