Germany April unemployment change 9.0k vs -10.0k expected

Latest data released by the Federal Employment Agency - 29 April 2021

  • Prior -8.0k; revised to -6.0k
  • Unemployment rate 6.0% vs 6.0% expected
  • Prior 6.0%

The seasonally adjusted German jobless total ticked higher in April but the unemployment rate kept steady at 6.0%. The short-time work scheme continues to distort underlying labour market conditions in general with the details showing that the unadjusted jobless total fell from 2.83 million in March to 2.77 million.

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