The number of unemployed rose in Germany in January. In the first month of the year, 2.616 million people were without a job, 162,000 more than in December and 154,000 more than in January 2022. This was announced by the Federal Employment Agency (BA) on Tuesday in Nuremberg. The unemployment rate climbed 0.3 points to 5.7 percent.
The increase is “usual for the season,” the BA said. “The labor market remained stable at the beginning of the year. However, the effects of the geopolitical and economic uncertainties can still be seen,” said the Federal Agency’s CEO, Andrea Nahles.
At the beginning of the year, the demand for workers had dropped slightly, the BA further announced. 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 2,000 compared to the previous month, it said. The reference date for the labor market data collected was January 12.
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