Europe’s largest economy froze in the unemployment quagmire

According to the report of the International Economic Group of Fars News Agency, citing Rashatudi, according to the information of the German Labor Office, the unemployment rate in the European Union has increased by more than 2.5 million people since November.

According to these statistics, the unemployment rate in Germany increased by 17 thousand people in November and reached 2 million 450 thousand people. These statistics show that the unemployment rate rose to 5.6% from 5.5% in October.

Daniel Terzenbach, the head of the Federal Labor Department, announced that the seasonal unemployment rate has increased and short-term unemployment has also increased and emphasized.

This report emphasizes that the highest unemployment rate is in Bremen (10 percent) and in Berlin (8.9 percent) and the lowest in Bavaria (3.3 percent).

The EU’s largest economy, hit by the energy crisis and record inflation, is expected to enter recession.

Hohne, head of the Free Democratic Party’s parliamentary group in the Landtag, announced last week that Germany’s living standards could collapse as a result of the complete failure of energy policy in the country.

The country is also at risk of large-scale corporate migration due to rising energy costs, so that it is reported that one in four German companies are considering moving their production to other countries.

According to the Federation of German Industries, they are suffering from various problems, including high energy prices, supply chain disruptions, and even aftershocks from China’s harsh crackdown on the Covid-19 pandemic.

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