Unemployment in Germany rises to 2.8 million in January - impact on the labor market.

Unemployment in Germany rises to 2.8 million in January - impact on the labor market.

According to a report by www.welt.de, unemployment in Germany increased by 169,000 in January 2024 compared to December of the previous year. A total of 2.8 million people were unemployed, an increase of 189,000 compared to January 2023. The unemployment rate rose by 0.4 points to 6.1 percent. Despite the seasonal increase in unemployment at the turn of the year, it has become more difficult for the unemployed to find a new job. The number of job vacancies fell by 66,000 compared to the previous year, further reducing the chances of the unemployed. In addition, the situation on the training market remains difficult, as many training positions remain unfilled and many people interested in training cannot be provided for.

With unemployment rising and job openings declining, demand for government support is likely to grow, which could have long-term implications for the financial industry. In addition, rising unemployment may lead to an overall decline in consumption, which could affect the performance of various industries. In addition, the difficult situation in the training market may lead to a mismatch between the skills of workers and the needs of the labor market in the future, which could cause imbalance in different sectors in the future.