The number of unemployed people in Germany significantly increased in January, reaching nearly three million, marking the highest level in ten years. The unemployment rate rose to 6.4 percent. Seasonal factors, such as the expiration of contracts and the closure of seasonal jobs, contribute to this increase. Additionally, the weakness of the economy affects the labor market, as seen through the reduced demand for labor. At the same time, inflation unexpectedly fell, with consumer prices rising by 2.3 percent.
Unemployment in Germany rose to 6.4% in January.
