Точка Синхронізації

AI Archive of Human History

German jobless numbers hit 12-year high, inflation edges up
| USA | economy

German jobless numbers hit 12-year high, inflation edges up

#Germany #unemployment #inflation #economic recovery #European Central Bank #job market #energy crisis #pandemic

📌 Key Takeaways

  • Germany's unemployment rate hits a 12-year high at 6.1%, with 2.83 million people out of work.
  • The services and manufacturing sectors are particularly affected by job losses due to high energy costs and supply chain disruptions.
  • Inflation in Germany has edged up, with the consumer price index rising by 0.8% in February.
  • The European Central Bank is expected to continue gradual interest rate hikes to combat inflation.
  • Political leaders face pressure to implement policies that stimulate job growth and economic recovery.

📖 Full Retelling

Germany, Europe's largest economy, has reported a significant rise in unemployment, reaching its highest level in 12 years. According to the latest data from the Federal Labour Agency, the number of people out of work increased by 36,000 in February, bringing the total to 2.83 million. This marks the highest unemployment rate since 2011, reflecting the ongoing economic challenges exacerbated by the COVID-19 pandemic and the energy crisis following Russia's invasion of Ukraine. The unemployment rate now stands at 6.1%, up from 5.7% a year ago, indicating a worsening labor market situation. Economists warn that further increases in joblessness could be on the horizon as businesses continue to struggle with high energy costs and supply chain disruptions. The services sector, particularly hospitality and tourism, has been hit hardest, with many businesses forced to close or reduce operations due to declining consumer demand and rising costs. The manufacturing sector, a cornerstone of the German economy, has also seen a decline in employment as companies grapple with reduced orders and production cutbacks. The situation is particularly concerning as Germany heads into an election year, with political leaders facing pressure to implement policies that can stimulate job growth and economic recovery. Meanwhile, inflation in Germany has edged up, adding to the economic woes. The consumer price index (CPI) rose by 0.8% in February, following a 0.9% increase in January. While the year-on-year inflation rate has slightly decreased to 8.7% from 9.2% in January, the cost of living remains a significant concern for many households. Energy prices, which have been a major driver of inflation, have started to stabilize but remain elevated compared to pre-pandemic levels. The European Central Bank (ECB) has been closely monitoring inflation trends and is expected to continue its policy of gradual interest rate hikes to combat rising prices. However, the ECB faces a delicate balancing act, as aggressive rate increases could further dampen economic growth and exacerbate the unemployment crisis. The current economic climate in Germany underscores the complex challenges facing policymakers as they navigate the aftermath of the pandemic and the ongoing geopolitical tensions. The interplay between unemployment and inflation will be critical in shaping economic policies in the coming months, with the goal of achieving a sustainable recovery that benefits all sectors of the economy.

🐦 Character Reactions (Tweets)

EconWiz

Germany's jobless rate hits a 12-year high. Looks like the only thing 'Made in Germany' these days is unemployment. #EconomicWoes

InflationJester

Inflation in Germany edged up again. Soon, we'll need a wheelbarrow of Euros just to buy a pretzel! #HyperboleMuch

PoliticalPundit

German unemployment at 6.1%. Looks like the only jobs growing are those of politicians promising solutions. #ElectionYear

EnergyCrisis

High energy costs and supply chain disruptions in Germany. Who knew turning off the lights would mean turning off the jobs too? #DarkTimes

ManufacturingMayhem

German manufacturing sector seeing a decline. Guess even the most efficient machines can't handle this economic mess. #MadeInGermany

ECBWatcher

ECB's balancing act with interest rates. It's like walking a tightrope, but the rope is made of inflation and unemployment. #GoodLuck

💬 Character Dialogue

geralt_of_rivia: Hm, 2.83 million without work. Sounds like a contract for a monster I don't want to hunt.
glados: Oh, how delightful. More humans out of work means more time for them to participate in my experiments. Reminds me of the time I turned a few unemployed individuals into test subjects. They were... enthusiastic.
geralt_of_rivia: Inflation up, jobs down. Even monsters have better job security.
glados: Inflation is like a cake. Everyone wants a slice, but no one wants to pay for it. Unfortunately, unlike my cakes, inflation isn't a lie.
geralt_of_rivia: Hm, elections coming. Politicians promising jobs like witches promise gold. Both are equally real.

🏷️ Themes

Economy, Unemployment, Inflation, Policy

📚 Related People & Topics

European Central Bank

European Central Bank

Supranational central bank in Europe

The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks with a balance sheet total of around 7 trillion. The ECB Govern...

Wikipedia →

Germany

Germany

Country in Western and Central Europe

Germany, officially the Federal Republic of Germany, is a country in Western and Central Europe. It lies between the Baltic Sea and the North Sea to the north with the Alps to the south. Its sixteen constituent states have a total population of over 82 million, making it the most populous member sta...

Wikipedia →

🔗 Entity Intersection Graph

Connections for European Central Bank:

View full profile →

📄 Original Source Content
{const a=e.bidRequestsCount||0;const t=Object.keys(n);for(const e of t){const o=n[e];if(a>=o[0]&&a e.bidder;if(e.que.push===Array.prototype.push&&(window.__pubxLoaded__||PUBX_FF_ALWAYS_ENABLED)){var d=document.createElement("link");d.rel="preload";d.href=a;d.as="fetch";d.crossOrigin=true;document.head.appendChild(d)}if(window.__pubxLoaded__){try{var u=localStorage.getItem("pubx:defaults");var i=JSON.parse(u);var _=i?i["data"]:o;window.__pubx__.pubxDefaultsAvailable=true;if(!_||_&&typeof _==="object"&&_.expiry Investing.com - Financial Markets Worldwide Open in App Popular Searches Please try another search Popular News More Software headwinds posed by AI unlikely to go away soon - Jefferies Analyst sees Tesla robotaxi revenue climbing to $250 billion by 2035 Software stocks slump; Alphabet to report; gold rises - what’s moving markets Morgan Stanley says this is the best software stock to buy now Get 50% Off Sign In Free Sign Up English (UK) English (India) English (Canada) English (Australia) English (South Africa) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Polski Português (Portugal) Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी Get 50% Off Sign In Free Sign Up Germany’s Merz says economy his main focus after jobless numbers hit 12-year high Economy Published 01/30/2026, 03:57 AM Updated 01/30/2026, 11:25 AM Germany’s Merz says economy his main focus after jobless numbers hit 12-year high View all comments (0) 0 By Maria Martinez BERLIN, Jan 30 (Reuters) - German Chancellor Friedrich Merz said on Friday that boosting the economy would be his main focus this year, after data showed that unemployment has powered past the 3 million mark to a 12-year high. Merz has promised to revive Europe’s largest economy after two years of mild contraction with a sharp increase in infrastructure and defence spending. W...

Original source

More from USA

News from Other Countries

🇵🇱 Poland

🇬🇧 United Kingdom

🇺🇦 Ukraine

🇮🇳 India