German unemployment falls more than expected in June

Seasonally-adjusted jobless total fell by 6,000 to 2.690 million

German Chancellor Angela Merkel arrives on the second day of the EU Summit in Brussels
German Chancellor Angela Merkel arrives on the second day of the EU Summit in Brussels

German unemployment fell more than expected in June and the jobless rate in Europe’s biggest economy remained at a record low, figures from the Federal Labour Office showed on Thursday.

“The labour market continues its overall positive development,” Frank-Juergen Weise, head of the Federal Labour Office said in a statement, adding that the demand from companies for workforce remained high.

The seasonally-adjusted jobless total fell by 6,000 to 2.690 million, the Labour Office said. That compares with a consensus forecast in a Reuters poll for unemployment to fall by 5,000.

The adjusted unemployment rate remained at 6.1 per cent, the lowest level since German reunification in 1990.

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Reuters

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