Steady Unemployment Rate in Germany

In February, Germany's unemployment rate remained unchanged at 6.4%, as reported by the Federal Employment Agency (Bundesagentur fuer Arbeit). The total number of unemployed individuals slightly increased to 2,989,000, marking a rise of 5,000 from the previous month but still lower than what analysts had anticipated.

Year-on-Year Comparison

Compared to the same month last year, unemployment has grown by 175,000, reflecting the ongoing economic challenges faced by the country.

Underemployment Figures

Underemployment, which includes both unemployment and short-term incapacity to work, was reported at 3,731,000 or 7.9%. This figure saw a minor increase of 2,000 from the previous month and a significant rise of 94,000 compared to February 2024, indicating a slight but concerning trend in the labor market.