Headlines
German unemployment rate rises to decade high
Published by Global Banking and Finance Review
Posted on April 30, 2025
Editorial & Advertiser disclosure
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
By Maria Martinez
BERLIN (Reuters) -The number of people out of work in Germany rose less than expected in April but the unemployment rate rose to its highest level since the pandemic, as economic malaise put pressure on the job market even against a backdrop of long-term labour shortages.
The office said the number of unemployed increased by 4,000 in seasonally adjusted terms to 2.92 million, roughly the same level as in March, labour office figures showed on Wednesday. Analysts polled by Reuters had expected a rise of 15,000.
The seasonally adjusted jobless rate rose to 6.3% from 6.2% in the previous month. Excluding the pandemic, this is the highest level since December 2015.
The data comes as a new conservative-led government prepares to take office next week with the Social Democrats. One of its main challenges will be to pull Europe's biggest economy out of two years of decline.
There were 646,000 job openings in April, 55,000 fewer than a year ago, showing a slowdown in labour demand, the federal labour office said.
The economy is still battling with persistent weakness and structural headwinds.
The tariffs announced by U.S. President Donald Trump will deal a major blow - possibly putting it on track for a third year of recession for the first time in post-war German history.
The number of unemployed people in Germany is approaching the 3 million mark for the first time over the last 10 years.
(Editing by Madeline Chambers)