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More Germans left without jobs this summer as economy contracts
The unemployment rate in Germany is creeping back up to levels seen during the early phase of the pandemic.
The number of Germans without jobs increased by 18,000 on a seasonally-adjusted basis in July, according to the Bundesagentur für Arbeit (BA) - Germany's National Employment Agency. "The weak economic development is putting pressure on the labour market," said Daniel Terzenbach, the BA's regional director. Due to the importance of Germany’s industrial sector, the country's economy was battered by the energy crisis that escalated in 2022, aggravated by Russia's invasion of Ukraine.
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