Experts predict that the number of unemployed in Germany will exceed three million in the coming months, although the labor market is showing a slight stabilization.

According to economist Enzo Weber of the German Institute for Employment Research, the number of unemployed in Germany will pass the three million mark this summer, despite a stabilizing trend in the labor market. The IAB barometer showed an increase in the market indicator for the third month in a row to 99.1 points, but remains below 100, suggesting a modest labor market development.