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2025-10-30 17:30:41
[Germany's Unemployment Rate Remains High at 6.3% in October] ⑴ Germany's seasonally adjusted unemployment rate remained unchanged at 6.3% in October 2025, the highest level since the end of 2020. ⑵ This reflects continued weakness in the labor market, as the country faces two years of economic contraction. ⑶ US tariffs put pressure on exports and the industrial sector, with the number of unemployed decreasing slightly by 1,000 to 2.97 million. ⑷ This figure was better than the market expectation of an increase of 8,000, and the unadjusted unemployment rate fell for the second consecutive month to 2.91 million. ⑸ The number of unemployed exceeded 3 million for the first time in ten years in August.
