Germany July unemployment change -4k vs 20k expected

  • Latest data released by the Federal Employment Agency - 1 August 2023
  • Prior 28k
  • Unemployment rate 5.6% vs 5.7% expected
  • Prior 5.7%

The German jobless total falls slightly in July, beating expectations of a rise in unemployment. The jobless rate also declined slightly and that continues to reaffirm that labour market conditions are keeping tight despite the economic headwinds.

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