Job market: Number of unemployed people falls below the three million mark
The number of unemployed people had risen above this threshold again for the first time since April. As a rule, the end of the summer break is followed by an upswing in the autumn - but this one is looking rather weak.
In September, Germany's labor force saw a drop in the number of unemployed, falling below the three-million mark. The Bundesagentur für Arbeit reported 2,994,000 jobless individuals, a decrease of 67,000 compared to August. However, compared to September 2025, this represents a rise of 40,000. The unemployment rate dropped by 0.1 percentage points to 6.4% in August, though it increased by the same margin compared to September 2025.
Andrea Nahles, the CEO of the Bundesagentur für Arbeit, expressed that September marked the beginning of a fall in the labor market, though the start was subdued. She noted that the economic improvement has yet to manifest in the labor market. There were 660,000 job vacancies reported by the agency in September, 30,000 more than a year ago.
However, the underemployment, which includes factors like unemployment and short-term incapacity, decreased by 7,000 in September, slightly higher than in the same month last year at 3,615,000.
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