Germany's unemployment rate hits 6.4%, surpassing 3 million for the first time in a decade.

Germany's unemployment rate surpassed 3 million for the first time in a decade in August, with 46,000 more people out of work, raising the rate to 6.4%. The increase, partly due to seasonal factors and economic weakness, has been exacerbated by high energy costs and international competition. Despite early signs of stabilization, the labor market remains under pressure, with a notable loss of jobs in the manufacturing sector, particularly in automotive.