FX.co ★ German Unemployment Stuck at Four-Year High

Germany's unemployment rate, seasonally adjusted, remained at 6.3% in November 2025, maintaining its peak since late 2020 and underscoring ongoing vulnerabilities in the labor market. Andrea Nahles, head of the Labor Office, pointed out that employment levels have stagnated, with labor demand remaining subdued, indicative of a sluggish recovery following two years of economic downturn. Furthermore, ongoing US tariffs have exerted additional pressure on exports and the industrial sector. The number of unemployed individuals increased by 1,000, reaching 2.97 million, which was an improvement against expectations of a 5,000 rise. On a non-adjusted rate, unemployment decreased for the third consecutive month to 2.89 million, continuing a decline following a brief surge above 3 million in August, marking the first such occurrence in a decade.