German unemployment rate up to 6% in March - Breaking The News

German unemployment rate up to 6% in March

28 March

1 min read

EPA-EFE/FELIPE TRUEBA

The unemployment rate in Germany stood at 6.0% in March, 0.1 percentage points higher compared to the month prior, according to the Federal Employment Agency's (BA) report released on Thursday.

The number of unemployed German residents decreased by 45,000 from the previous month and was up by 176,000 from the same month in 2023 to reach 2.8 million in March 2024. On a seasonally adjusted basis, unemployment was up by 4,000 month on month.

Underemployment, which accounts for both unemployment and those affected by labor market policies or short-term inability to work, saw a seasonally adjusted rise of 10,000 from the previous month, totaling 3,606,000 in March 2024. This represents an increase of 143,000 compared to the same period last year.

data unemployment rate

German inflation down from 2.2% to 2.1% in April

an hour ago

The annual inflation rate in Germany came in at 2.1% in April, declining slightly from 2.2% registered the month before, the Federal Statistical Office (Destatis) revealed in its preliminary report published on Wednesday. Month-on-month, the Consumer Price Index (CPI) rose by 0.4%.The annual core inflation rate, excluding food and energy, stood at 2.9%. Food prices grew by 2.8% year-on-year, while energy decreased by 5.4%.The Harmonized Index of...

French inflation remains at 0.8% in April

6 hours ago

The annual inflation rate in France stood at 0.8%, the same level as in March, the country's statistical office INSEE revealed in its report published on Wednesday. Month-on-month, the figure went up by 0.5%.The document attributed the projected number to a rise in the prices of services, notably transport, and food. Energy was seen as declining, and manufactured goods and tobacco as remaining stable.The Harmonized Consumer Price Index...

Australian inflation unchanged at 2.4% in March

11 hours ago

Australia's monthly consumer price index (CPI) rose at an annual pace of 2.4% in March, unchanged from the same figure registered in February, according to a report released by the Australian Bureau of Statistics (ABS) on Wednesday. Meanwhile, the CPI excluding volatile items and holiday travel stood at 2.6% in March, lower than the previous month's figure of 2.7%. A measure of core inflation, the "trimmed mean," which reduces the impact of irregular or...

ECB's Cipollone: Tariff effects on economy to be material

29 April

European Central Bank (ECB) Executive Board member Piero Cipollone said on Tuesday that the effects of the tariffs imposed by the administration of United States President Donald Trump on the real economy are "likely to be material."In a speech at a conference on Policy challenges in a fragmenting world: Global trade, exchange rates, and capital flow, Cipollone stressed that there is a "rising risk" of fragmentation within the Western bloc due to the tariffs that...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.