Germany January unemployment change -2k vs 11k expected

  • Latest data released by the Federal Employment Agency - 31 January 2024
  • Prior 5k
  • Unemployment rate 5.8% vs 5.9% expected
  • Prior 5.9%

The data continues to underscore some resilience in the German labour market to start the year at least. Amid the manufacturing recession, there have been slight signs of softening in employment conditions in recent months. But overall, things seem to be not that bad and any labour market weakness isn't exactly widespread across the region.

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