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Germany's Unemployment Rises as Economy Contracts Further

10/1/2025

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Summary

Story summary

Germany's unemployment rose 14,000 in September to 2.98 million, exceeding expectations.
The unemployment rate remained at 6.3%, as forecast.
Vacancies fell to 630,000, down 66,000 from a year earlier.
Germany remains in its third year of contraction, with Q2 2025 down 0.3%. Chancellor Friedrich Merz plans infrastructure and defense spending and forecasts 2025 growth at 0.2%, 2026 at 1.3%.

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Story summary

Germany's unemployment rose 14,000 in September to 2.98 million, exceeding expectations.
The unemployment rate remained at 6.3%, as forecast.
Vacancies fell to 630,000, down 66,000 from a year earlier.
Germany remains in its third year of contraction, with Q2 2025 down 0.3%. Chancellor Friedrich Merz plans infrastructure and defense spending and forecasts 2025 growth at 0.2%, 2026 at 1.3%.