Overview

• The Federal Employment Agency reported 3.03 million unemployed in August, up 46,000 from July and more than 153,000 year over year.
• On a seasonally adjusted basis, the unemployment rate stayed at 6.3% and the adjusted jobless total decreased by about 9,000.
• Agency president Andrea Nahles said the increase was expected due to the summer pause and noted that raw counts largely shape public debate.
• Employment continues to grow in health care and the public sector, while manufacturing and temporary work are declining.
• Employer leaders called the threshold a failure of recent policy and urged an “autumn of reforms,” as reporting describes the economy in a second consecutive year of recession and the Merz government readies promised measures.