Financial News: German Unemployment Rate Steady At 6.3%

German Unemployment Rate Steady At 6.3%

11/28/2025 - 07:20:00 (RTTNews)

(RTTNews) - Germany's unemployment rate remained unchanged in November and the number of unemployed increased less than expected, official data showed Friday.

The Federal Employment Agency said the jobless rate stood at 6.3 percent in November, the same rate as in October and also matched expectations.

On a seasonally adjusted basis, the number of unemployed increased 1,000 from the previous month, the agency reported. Economists had forecast an increase of 4,000. Unadjusted unemployment fell 26,000 to 2.88 million in November.

The economic weakness persists and the labor market remains sluggish, Federal Employment Agency Chairwoman Andrea Nahles said.

Unemployment and underemployment declined in November as is typical for the season, Nahles noted. The number of employed people is stagnating and the demand for labor remains subdued, she added.

According to the labor force survey, there were 1.66 million unemployed in October, Destatis said. Unemployment increased by 5,000 from September. The adjusted jobless rate was unchanged at 3.8 percent.

Despite today's favorable news from the labour market, a turning point is clearly not in sight, ING economist Carsten Brzeski said.

Instead, the very gradual worsening of the German labour market is likely to continue, clearly complicating any comeback of private consumption, he added.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

ECB Holds Rate Steady Again, Lifts Eurozone Growth Forecasts (01 hr(s), 18 min(s), 41 sec(s) ago)
(RTTNews) - The European Central Bank left its key interest rate unchanged for the fourth policy s ...Full Story»

Treasury Announces Details Of Two-Year, Five-Year & Seven-Year Note Auctions (02 hr(s), 43 min(s), 41 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

Philly Fed Index Unexpectedly Slumps Further Into Negative Territory In December (03 hr(s), 45 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly ...Full Story»

U.S. Annual Consumer Price Growth Unexpectedly Slows In November (04 hr(s), 21 min(s), 41 sec(s) ago)
(RTTNews) - The annual rate of growth by consumer prices has unexpectedly slowed, according to dat ...Full Story»

U.S. Jobless Claims Decrease Roughly In Line With Estimates (04 hr(s), 31 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story»

Philly Fed Index Unexpected Slumps To -10.2 In December (05 hr(s), 33 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly ...Full Story»

Portugal Producer Prices Fall 3.3% In November (05 hr(s), 35 min(s), 41 sec(s) ago)
(RTTNews) - Portugal's producer prices continued their falling trend in November, figures from ...Full Story»

U.S. Consumer Prices Increase Modestly Over Two Months From September-November (05 hr(s), 36 min(s), 41 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. saw a modest increase in over the two months from Septembe ...Full Story»