Germany, Europe’s largest economy, is facing a manufacturing meltdown. Over 100,000 industrial jobs were lost in 2024 alone — with automotive hit hardest. Discover what’s driving the crisis, the gover
This is not limited to Germany, although labour markets across global economies show different developments. In the U.S. the unemployment rate is still relatively low, similarly to Europe: In April 2025, the euro area seasonally adjusted unemployment rate was 6.2%, down from 6.3% in March 2025 and from 6.4% in April 2024. The EU unemployment rate was 5.9% in April 2025, stable compared with March 2025 and down from 6.0% in April 2024.
In the world’s second largest economy the situation is grim supposedly to due Trump’s tariff conundrum and a low private domestic consumption: job losses in China’s manufacturing sector signal deepening economic strain and ineffective stimulus efforts as the country’s Caixin Manufacturing PMI dropped to 48.3 in May, the lowest since Q3 2022, signaling shrinking output.
This is not limited to Germany, although labour markets across global economies show different developments. In the U.S. the unemployment rate is still relatively low, similarly to Europe: In April 2025, the euro area seasonally adjusted unemployment rate was 6.2%, down from 6.3% in March 2025 and from 6.4% in April 2024. The EU unemployment rate was 5.9% in April 2025, stable compared with March 2025 and down from 6.0% in April 2024.
In the world’s second largest economy the situation is grim supposedly to due Trump’s tariff conundrum and a low private domestic consumption: job losses in China’s manufacturing sector signal deepening economic strain and ineffective stimulus efforts as the country’s Caixin Manufacturing PMI dropped to 48.3 in May, the lowest since Q3 2022, signaling shrinking output.
[Edit typo.]