Business news from Ukraine

Business news from Ukraine

Germany records 10-year record unemployment rate

19 February , 2025  

The number of unemployed in Germany in January 2025 reached almost three million, which was a record for the last decade.
This is reported by DW with reference to the Federal Employment Agency.
According to official data, the unemployment rate in Germany increased by 0.4 points since December 2024 and reached 6.4%. This means that the number of unemployed in the country increased by almost 200 thousand more compared to the previous year and reached 2.993 million. The sharp rise in unemployment in January is typical, as many seasonal labor contracts end with the New Year and weather-dependent work, such as in construction, comes to a halt.
At the same time, German employers see the data released by the Federal Employment Agency as a worrying signal.
According to Rainer Dulger, president of the Confederation of German Employers’ Associations of Germany, “the economic and structural weakness of the German economy is hitting the labor market with all its might.”

 

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