German unemployment inches up in February

The number of people out of work in Germany rose slightly, to 2.904 million, in February, although the overall unemployment rate remained unchanged at 6.3 per cent.

The Federal Employment Agency, which announced the monthly data on Tuesday, counted 4,000 more unemployed than in January and 509,000 more than in February last year, before the pandemic fully hit Europe’s largest economy.

German unemployment typically falls in February.

The government’s pandemic-era furlough scheme, known as short-time work, “continues to secure employment on a large scale,” said Detlef Scheele, head of the Federal Employment Agency.

“Individual sectors are feeling the effects of the lockdown, but overall employment is recovering,” he added.

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