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FinanceIn July 2026, Germany's unemployment figure exceeded three million for the first time since April, reaching 3.007 million, according to the Federal Employment Agency. This represents an increase of 71,000 from June and 28,000 year-on-year. The unemployment rate rose by 0.2 percentage points to 6.4%. BA board member Daniel Terzenbach attributed the rise partly to seasonal factors such as training contract endings and reduced hiring before summer holidays. However, he noted that the weak development on the labor market continues, exacerbated by structural weaknesses in the German economy, high energy prices linked to the Iran war, and demographic aging reducing the labor force. Seasonally adjusted, unemployment increased by 6,000.
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German Unemployment Exceeds 3 Million in July 2026