Germany’s labor market suffers, with unemployment hitting 2.9 million—highest since 2016.

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Unemployment Rate in Germany

  • Current Unemployment: As of September 2024, Germany’s unemployment rate rose to 3.3%, with approximately 1.47 million people unemployed.
  • Increase in Unemployment: This represents an increase of 153,000 people, or 11.6%, compared to September 2023.
  • Historical Context: The last time Germany’s unemployment rate was this high was in 2016, when it reached 4.12%.

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