RT International By RT International
Unemployment in Germany has risen to its highest level in a decade, official figures released on Friday showed. The labor report comes as the country’s faltering economy risks contracting for a third consecutive year.
The figures showed the number of unemployed individuals having topped three million in August for the first time since 2015. The month-on-month increase came in at 46,000 to put the tally at 3.02 million in seasonally unadjusted terms, or 6.4% of the population.
Federal Employment Agency chief Andrea Nahles blamed the labor market struggles on Germany’s weak economy. The EU’s largest economy shrank by 0.2% in 2024 after contracting by 0.3% in 2023. This year, following a 0.3% expansion in the first quarter, output fell by 0.3% in Q2 as uncertainty grew over new US tariffs. The International Monetary Fund recently warned that Germany could face a third consecutive year without growth…
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