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). This figure defied analysts' predictions, showcasing the resilience of the German labor market.

Unemployment Figures and Trends

The total number of unemployed individuals slightly increased to 2,989,000, up by 5,000 from the previous month. However, this number is lower than what many analysts had anticipated. Compared to February of the previous year, unemployment has risen by 175,000, indicating a challenging year for the job market.

Underemployment Statistics

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 January and a significant rise of 94,000 compared to February 2024, highlighting the ongoing struggles within the labor sector.