German unemployment tops 3 million for first time in 15 years as hiring freezes replace labor shortages
By
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Summary
Germany's labor market, once one of the Eurozone's strongest, has experienced a dramatic reversal. Unemployment has surpassed 3 million for the first time in 15 years, signaling a shift from labor shortages to hiring freezes. The article discusses this economic downturn in what was previously a robust jobs market.
Key quotes
· 2 pulledGermany goes from labour shortages to hiring freezes
Unemployment topped 3mn for the first time in 15 years in what was once one of the Eurozone's strongest jobs markets
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