Stable 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 below analysts' expectations.

Year-over-Year Comparison

Compared to February of the previous year, unemployment has seen an uptick of 175,000 people. Additionally, underemployment, which includes those unable to work short-term, rose to 3,731,000 or 7.9%, showing a slight increase from the month before and a more significant rise compared to the same period last year.