German unemployment slightly rises in December

Send a link to a friend  Share

[January 03, 2024]  BERLIN (Reuters) - The number of unemployed people in Germany rose slightly in December, by much less than analysts had expected, labor office figures showed on Wednesday.  

People walk past a construction site with cranes at Alexanderplatz in Berlin, Germany October 2, 2023. REUTERS/Annegret Hilse/File Photo

The Federal Labor Office said the number of people out of work increased by 5,000 in seasonally adjusted terms to 2.703 million. Analysts polled by Reuters had expected the total to rise by 20,000.

"The labor market is still holding up well in terms of the extent of the burdens and uncertainties," said Andrea Nahles, chairwoman of the Federal Employment Agency.

Nahles noted that 2023 was one of the years with the lowest unemployment since the reunification of Germany.

The seasonally adjusted jobless rate slightly grew in December to 5.9%.

(Reporting by Bartosz Dabrowski, Maria Martinez and Holger Hansen, editing by Miranda Murray)

[© 2023 Thomson Reuters. All rights reserved.]
This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.

 

 

Back to top