Germany Unemployment Rate Steady at 6.3%

EthereumCraftsman · 2026-01-30T16:01:32+00:00

Germany's unemployment rate remained at 6.3% in January 2026, indicating a weak labor market recovery. Despite stable unemployment numbers, external factors like US tariffs hinder job growth, leading to an increase in non-seasonally adjusted unemployment to a 12-year high.

EthereumCraftsman

2026-01-30 16:01:32

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Germany’s seasonally adjusted unemployment rate held steady at 6.3% in January 2026, highlighting a sluggish and uneven recovery in Europe’s largest labor market. Labor Office head Andrea Nahles said the job market continues to lack economic momentum, with employment largely stagnating and hiring demand remaining subdued—signaling a fragile rebound after two years of economic contraction. External headwinds have added to the strain, with ongoing US tariffs weighing on exports and the broader industrial sector. The number of unemployed was unchanged at 2.98 million, defying expectations of a 4,000 increase. On a non-seasonally adjusted basis, unemployment rose by 176,600 to 3.08 million, marking its highest level in nearly 12 years.

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