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Germany's job market hits record low with unemployment rising and vacancies falling sharply.
Germany's job market has hit a record low in employment prospects for the unemployed, with a key indicator dropping to 5.7—its lowest ever—according to Federal Employment Agency head Andrea Nahles.
Job vacancies fell by 44,000 year-on-year to 624,000, while unemployment rose to 2.89 million, up 111,000 from the prior year.
Apprenticeship placements for young people reached their lowest level in 25 years, and no industry is immune to job losses, though skilled workers still have better opportunities.
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El mercado de trabajo de Alemania alcanza un mínimo histórico con un aumento del desempleo y una fuerte caída de las vacantes.