Germany sees a jump in unemployment as manufacturing weakness drags on
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Euronews.com
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In May, Germany's unemployment rose to 2.96 million, the highest since 2010, with a monthly increase of 34,000, exceeding expectations. The unemployment rate remained stable at 6.3%. The rise is attributed to a weak manufacturing sector, but there are signs of improvement due to the new government's expansionary fiscal policies. Challenges include labor shortages and various economic headwinds. Experts note a gradual soft landing in the labor market since 2022, despite an increase in unemployment and a decline in job vacancies. Teljes cikk (Euronews.com)