Slight Increase in German Unemployment Rate to 6.1% in August
In August, the jobless rate in Germany saw a slight hike, going up by 0.1 percentage points to 6.1%, as initially estimated by the Federal Employment Agency. Sources indicated an increase of 63,000 unemployed people, with the total number of unemployed being 2.872 million, a glaring contrast to the numbers in July. The increase is attributed to seasonal factors. The August numbers depict an increase of 176,000 as compared to the same month in the previous year. The agency conducted the estimation using data available up to August 14.
Commenting on the situation, Andrea Nahles, the chairwoman of the Federal Employment Agency emphasized the continued impact of an economically stagnant environment on the labour market. Andrea noted persistent growth in both unemployment and underemployed people during the summer break.
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