German Unemployment Rises More Than Forecast
June 28 2024 - 6:56AM
RTTF2
Joblessness in German grew more than expected in June and the
unemployment rate edged up, preliminary figures from the Federal
Labor Agency showed Friday. The seasonally adjusted unemployment
grew by 19,000 persons in June following a 25,000 increase in May.
Economists had forecast a rise of 15,000.
The jobless rate rose to 6.0 percent after holding steady at 5.9
percent in the past few months. The rate was expected to remain
unchanged.
The number of unemployed totaled 2.781 million versus 2.762
million in May. "The weakness in the labor market continues, with
unemployment and underemployment rising noticeably in June on a
seasonally adjusted basis," Federal Labor Agency Chief Andrea
Nahles said.
"Companies continue to be reluctant to look for new staff."
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