Germany News: Unemployment Tops 3 Million as Industry Slumps
16 Articles
16 Articles
The unemployment figures in Germany climb again via a critical brand. According to experts, seasonal effects are mainly responsible.
The number of unemployed in Germany increased in July and now exceeds the three million mark. The Federal Employment Agency recorded 3 million 7 thousand unemployed, as reported by the authority in Nuremberg. This is 71,000 more than in June and 28,000 more than a year ago.
It is a frantic development: in the course of the week, corporations announce job cuts, while the number of unemployed people increases. The Handelsblatt answers the most important questions.
I have analyzed the employment data that the German Federal Employment Office (BA) published this Friday and the figure confirms what the markets already feared: unemployment in Germany has exceeded three million for the first time since April, in a context of industrial weakness that pressures the European Central Bank (ECB) to act with new rate cuts. The unemployment recorded increased by 71,000 people in July compared to June, to 3,007 millio…
Germany is grappling with unemployment. In July, the number of unemployed people rose to over three million. This is a result of seasonal factors, but not exclusively.
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