Germany’s seasonally adjusted jobless rate remained unchanged at 5.8% in January 2024 when compared to December 2023, reports Business Standard, citing research from the Federal Labour Office. The number of people out of work decreased by 2,000 in seasonally adjusted terms from December to 2.694 million. Analysts polled by Reuters had expected unemployment to rise by 11,000. “Employment and demand for labour are constant, meaning that labour is stable at the start of the year despite the ongoing economic weakness," said Andrea Nahles, chair of the Federal Employment Agency. 

Meanwhile, there were 699,000 job openings in January, 66,000 fewer than a year ago, the Federal Labour Office said.