Unemployment in Germany rose in May to 5%

121279

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.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: