Germany June unemployment change +133k vs -6k expected

  • Latest data released by the Federal Employment Agency - 30 June 2022
  • Prior -4k
  • Unemployment rate 5.3% vs 5.0% expected
  • Prior 5.0%

The German jobless rate unexpectedly climbed in June but the jump owes to a bit of a caveat, with Ukrainian refugees registering with the labour office in search of work. That saw the number of people out of work growing by 133,000 to 2.417 million.

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