German unemployment rate climbs above 5% in January

World News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

BERLIN (AP) — Germany’s jobless rate climbed above 5% in January, pushed higher largely by seasonal factors while also reflecting slower growth in Europe’s biggest economy, official data showed Thursday.

The unadjusted unemployment rate, the headline figure in Germany, rose to 5.3% in January from 4.9% in December, the Federal Labor Agency said.

In all, 2.426 million people were registered as unemployed in the country of 83 million. The figure was 198,000 higher than the previous month and 20,000 higher than a year earlier.

Germany’s relatively weak recent economic performance is continuing to have an impact on the labor market, “but overall it is robust at the beginning of the year,” labor agency chief Detlef Scheele said.

In seasonally adjusted terms, Germany’s unemployment rate was static in January at 5%, where it has stood for months.

Germany’s economy has grown for 10 consecutive years but last year’s 0.6% growth was the weakest since 2013. Fourth-quarter figures haven’t yet been released, but officials believe the economy grew slightly compared with the previous quarter.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.