Overview

• IAB researchers predict Germany’s jobless count will briefly exceed three million during the summer months.
• May’s unemployment figure stood at 2.919 million, reflecting sustained weakness in the labor market.
• The IAB labor market barometer climbed 0.2 points in June to 99.1, marking its third consecutive monthly rise below the 100-point neutral threshold.
• The barometer’s unemployment outlook component remained in negative territory at 97.8 despite a marginal increase.
• The employment forecast measure rose to 100.4 points, signaling a slight positive trend amid expectations of only gradual gains.