Germany August unemployment change +28k vs +28k expected

  • Latest data released by the Federal Employment Agency - 31 August 2022
  • Prior +48k
  • Unemployment rate 5.5% vs 5.5% expected
  • Prior 5.4%

German unemployment rises once again as the numbers are still largely driven by a substantial amount of Ukrainian refugees entering the labour market, alongside the end of the summer break. The number of jobless persons rose to 2.497 million as of this month.

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