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The number of unemployed people in Germany rose in July to over 3 million, marking an increase of 71,000 compared to the previous month and 28,000 compared to the same period in 2022. The Federal Bank announced that the unemployment rate climbed to 6.4%, with a decline in employment in some sectors due to the economic crisis and deterioration in the labor market. Experts confirmed that the rise in energy prices caused by the war in the Middle East is one of the main factors behind the slowdown of the German labor market.
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