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The number of unemployed rises to over 2.5 million

The number of unemployed in Germany rose by 162,000 to 2.

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The number of unemployed rises to over 2.5 million

The number of unemployed in Germany rose by 162,000 to 2.616 million due to the winter break in January. As the Nuremberg Federal Employment Agency (BA) announced on Tuesday, the unemployment rate rose by 0.3 percentage points to 5.7 percent compared to December. Compared to January last year, 154,000 more people were unemployed.

The increase is “usual for the season,” the BA said. Andrea Nahles, CEO of the Federal Agency, explained that the job market in Germany is stable. "However, the effects of the geopolitical and economic uncertainties are still evident."

The Federal Agency explained the increase in the number of unemployed compared to January of the previous year by the inclusion of Ukrainian refugees in the labor market statistics. Without the refugees, the number of unemployed would have fallen compared to January 2022.

At the beginning of the year, the demand for workers had dropped slightly, the BA said. Overall, however, the need for personnel is stable at a comparatively high level. 764,000 jobs were registered with the Federal Agency, 27,000 fewer than a year ago. Seasonally adjusted, the number of jobs reported to the agency increased by 2000 compared to the previous month, it said. The cut-off date for the labor market data collected was January 12th.

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