Financial News: German Unemployment Rises Less Than Expected

German Unemployment Rises Less Than Expected

02/28/2025 - 07:57:00 (RTTNews)

(RTTNews) - German unemployment increased only moderately in February but the economic weakness remained visible on the labor market, the Federal Employment Agency said Friday.

The number of people out of work rose 5,000 in February, while economists had forecast a sharp increase of 14,000. Unemployment had increased 11,000 in January.

The unemployment rate remained unchanged at 6.2 percent, in line with expectations. According to the labor force survey, the unemployment rate held steady at adjusted 3.5 percent in January. The number of unemployed increased 9,000 from December.

On an unadjusted basis, the jobless rate rose to 3.7 percent in January from 3.2 percent in the same period last year, Destatis reported today.

"The economic weakness remains visible on the labor market in February," Federal Employment Agency Regional Director Daniel Terzenbach, said.

The <a href=https://www.rttnews.com/3515686/german-gdp-shrinks-on-weaker-exports.aspx?refresh=1 target=_blank >largest euro area economy had contracted</a> 0.2 percent in the fourth quarter of 2024, reversing a 0.1 percent sequential growth in the third quarter. The sharp decline in German exports offset the improvement in consumption.

For the whole year of 2024, the economic contraction was 0.2 percent.

The International Monetary Fund forecast the German economy to grow just 0.3 percent this year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Fed's Daly Says Policymakers Can Wait For More Clarity Around Trade Policies (01 hr(s), 0 min(s),06 sec(s) ago)
(RTTNews) - The Federal Reserve can make more reductions as projected earlier but policymakers sho ...Full Story»

Slovenian Producer Prices Rise 1.2% (09 hr(s), 43 min(s), 06 sec(s) ago)
(RTTNews) - Slovenia's producer prices increased for the second straight month in March, figur ...Full Story»

Italy Construction Output Grows Most In 6 Months (10 hr(s), 15 min(s), 06 sec(s) ago)
(RTTNews) - Italy's construction output expanded for the second straight month in February and ...Full Story»

Italy Trade Surplus Shrinks In February (12 hr(s), 10 min(s), 06 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in February from a year ago as imports gre ...Full Story»

Moldova Producer Price Inflation Rises To 4.7% (12 hr(s), 57 min(s), 06 sec(s) ago)
(RTTNews) - Moldova's producer prices increased for the third straight month in March and at a ...Full Story»

Malaysia Economic Growth Eases, Trade Surplus Grows (14 hr(s), 07 min(s), 06 sec(s) ago)
(RTTNews) - Malaysian economic growth eased further in the first quarter of 2025 amid a contractio ...Full Story»

Japan Nationwide Inflation Climbs 3.6% On Year In March (35 min(s), 54 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were up 3.6 percent on year in March, the Ministry of ...Full Story»

Japan Inflation Data Due On Friday (01 min(s), 54 sec(s) ago)
(RTTNews) - Japan will on Friday release March figures for national consumer prices, highlighting ...Full Story»