After two years of recession, the country’s economy faces another year of near-zero growth
Unemployment in Germany has risen to a 12-year high, official figures released on Friday show. The labor report comes as the country’s struggling economy risks a third consecutive year without growth.
Data from the Federal Employment Agency (BA) shows that 177,000 more people were out of work in January than in December, bringing the total to over 3 million. The seasonally unadjusted unemployment rate climbed by 0.4 percentage points to 6.6%.
“There is currently little momentum in the labor market,” said BA chief Andrea Nahles, noting that companies…
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