German unemployment at 6% in December - Breaking The News
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German unemployment at 6% in December

EPA-EFE/FILIP SINGER

The seasonally adjusted unemployment rate in Germany stood at 6% in December, rising by 0.1 percentage points from the previous month, the Federal Employment Agency (Bundesagentur fuer Arbeit) revealed in its report on Friday.

The number of unemployed people in Germany came in at 2,807,000 in the reported month, increasing by 33,000 compared to November and by 170,000 compared to December 2023. On a seasonally adjusted basis, unemployment was up by 10,000 on a monthly basis.

Underemployment, encompassing unemployment and those unable to work due to labor market policies or short-term work incapacity, advanced by 29,000 from the previous month and by 103,000 from the same month in the previous year to reach 3,581,000 in December.

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