⚠️VOLKSWAGEN PLANS TO CLOSE AT LEAST 3 GERMAN FACTORIES AND CUT THOUSANDS OF JOBS⚠️
The largest EU carmaker also plans to lay off TENS OF THOUSANDS of people out of its 300,000 workforce and slash pay by 10%.
Brace for more rise in German unemployment👇https://t.co/6u5jTlo3xn
— Global Markets Investor (@GlobalMktObserv) November 15, 2024
Unemployment Rate in Germany
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- 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%.
Sources