Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market.
The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August.
However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 10,000. Consequently, the jobless rate held steady at 6.3 percent in August and also matched economists' expectations.
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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.