Economy Country January 31, 2025

Unemployment Rate Rises in Germany Despite Lower Increase

In early 2023, Germany's unemployment rate has increased, although the rise in jobless numbers was less than anticipated. This is impacting the labor market in Europe's largest economy.


Unemployment Rate Rises in Germany Despite Lower Increase

Between the beginning of this year in Germany, the unemployment rate has risen, although the increase in the number of unemployed was less than expected. The global crisis in the labor market is affecting even the largest economy of the continent.

According to the report of the Federal Ministry of Labor and Social Affairs in Germany, the number of unemployed in the country increased insignificantly in January – by 41,000 people, which turned out to be lower than the forecasts of analysts.

"Although the slight increase in the unemployment rate is not catastrophic, it still indicates a complicated economic situation in Germany," experts note.