Unemployment Continues to Rise: Nearly 400,000 People Without Jobs in November
In November, the situation in the labor market did not ease. According to the Public Employment Service (AMS), at the end of the month, 399,199 people were unemployed or in training, an increase of 4.0 percent or 15,236 people compared to the previous year. This marks the 32nd consecutive increase since April 2023. The unemployment rate rose by 0.3 percentage points to 7.5 percent in November.
Unemployment: Only slight signs of easing in the labor market
A quick improvement is not in sight: "First indications of the announced recovery in 2026, such as the slightly declining unemployment in temporary employment, are already noticeable (with a lot of goodwill and a magnifying glass), but still so slight that they point more to a manageable revival than to strong economic growth in the new year," commented AMS board member Johannes Kopf.
(APA/Red)
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