German unemployment rose slightly in December, defying expectations of a larger increase.

German unemployment rose by 10,000 in December, reaching 2.87 million, less than the 15,000 increase analysts had predicted. The unemployment rate stayed at 6.1%, contrary to expectations of a rise to 6.2%. Despite this, the labor market faces challenges, including a decline in job openings and an ongoing economic downturn. The increase in unemployment is typical for the winter holiday season, according to the Federal Employment Agency's chairwoman, Andrea Nahles.

3 months ago
13 Articles