Unemployment in Germany rose by 46,000 in August to 3.025 million, pushing the unemployment rate to 6.4%. The seasonally adjusted trend fell by 9,000 in August compared with July, defying forecasts of a 10,000 rise, yet joblessness was up by 153,000 year-on-year. Labor demand declined: 631,000 job openings, 68,000 fewer than a year earlier. BA chief Andrea Nahles attributed the rise to a summer lull and noted early, fragile signs of stabilization as short-time work slowly declines. Chancellor Friedrich Merz said the government will focus on delivering results from investment plans. Nahles warned the three-million threshold could be breached in winter.
The number climbed in August by 46,000 to 3.025 million. The unemployment rate ticked up 0.1 percentage points to 6.4%. The seasonally adjusted trend was slightly better than feared in August, showing an actual fall by 9,000 in August compared with July defying forecasts of a 10,000 rise. Compared with August last year, however, joblessness was still up by 153,000.
BA chief Andrea Nahles explained that the summer lull was responsible for the increase, since many firms delay new hires until after the holiday period. She stressed that while the labor market remains weighed down by years of weak growth, there were "early, fragile signs" of stabilization. Short-time work, while still elevated, has been slowly declining since the start of the year.
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