economy

February 1, 2026

German unemployment highest in over a decade

German unemployment has risen to a 12-year high as weak growth continues to weigh on the EU’s largest economy

German unemployment highest in over a decade

TL;DR

  • Unemployment in Germany has risen to a 12-year high, with over 3 million people unemployed in January.
  • The unemployment rate increased by 0.4 percentage points to 6.6%.
  • The German economy risks a third consecutive year without growth.
  • Manufacturing remains weak, and job cuts have accelerated.
  • High energy costs due to reduced Russian gas imports have damaged industrial competitiveness.
  • Analysts warn that Germany's large investment plan could further weaken the economy.
  • The German Economic Institute describes the economy as being in a state of 'shock' due to weak foreign demand, high interest rates, and an energy crisis.

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