Unemployment in Germany rose in May to 5%


In Germany, in May, unemployment was recorded at the level of 5%, data from the country's Federal Employment Agency showed. Compared with the April level of 4.9%, the unemployment rate rose in May, while analysts assumed that it would remain at 4.9%. The increase in the number of unemployed in Germany by 60 thousand people also came as a surprise to economists, who had expected it to drop by 8 thousand. The main reason for the increase is the change in the methodology, according to which now in Germany people, who are eligible for unemployment benefits, are qualified. The unemployment rate is also negatively affected by the weakening growth of German GDP. In May, there was a decrease in the number of open vacancies compared to the same month last year by 1 thousand.

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