Germany’s unemployment has surpassed 3 million in August, reaching its highest level since 2015, as the economy faces the risk of contracting for a third consecutive year. The labor market crisis is linked to weak economic growth, production declines due to global uncertainties, and the halt of cheaper Russian fuel imports. Key sectors like automotive lost tens of thousands of jobs. Experts warn that structural challenges, rather than temporary weakness, are driving the country’s economic slowdown.
For the first time since 2015, unemployment in Germany has reached its highest level. According to government statistics released on Friday (August 29), the number of unemployed in the country exceeded 3 million in August.
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