Germany's unemployment rate remained unchanged at a low level at the start of the year despite the economy showing signs of a recession, official data revealed on Tuesday.
The unemployment rate held steady at 5.5 percent in January, the Federal Labor Agency reported. The rate also matched economists' expectations.
The number of people out of work decreased unexpectedly by 22,000 in January after a drop of 13,000 in December. Economists had forecast an increase of 5,000.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.