Germany: Unemployment Rate Rises Surprisingly in February

The unemployment rate in Germany rose during the month of February for the first time since last June, according to data released today, Tuesday, which dashed expectations of a decrease in the number of measures aimed at curbing the Coronavirus.

For its part, the Labor Office said that the number of people without work rose by 9,000 on a seasonally adjusted basis, to reach 2.752 million. A Reuters poll had forecast a decrease of 13,000.

It is worth noting that Germany has been closed since November and measures were tightened in mid-December, as it is fighting the second wave of the virus. Chancellor Angela Merkel said that the new strain of “Covid-19” risks the third wave of infections.