🇩🇪 In Germany there are already more than three million unemployed

New data from the Federal Employment Agency increasingly looks less and less like temporary summer statistics.

In August, the number of registered unemployed ⁠rose by another 54,000 to 3.061 million people. The unemployment rate increased to 6.5%. Compared with August of the previous year, there are now 36,000 more unemployed.

Part of the increase is indeed seasonal. But even after adjustment for the seasonal factor, unemployment still rose by 4,000 people.

Even more uncomfortable is another figure: The number of employees in Germany has fallen within a year by about 226,000 people — to 45.66 million.

Demand from companies for new staff is also weak. The Federal Employment Agency explicitly states that ⁠demand for workers remains weak.

All of this feels maximally strange: At the same time, the state lacks hundreds of thousands of workers in care, in schools, in municipalities and in other areas — and the total number of unemployed has surpassed the three million mark.


💥 Our channel: Node of Time EN