German Unemployment Up More Than Expected, Damping Rebound Hopes
Posted on AllSides June 4th, 2024
From The Left
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German unemployment rose more than anticipated — underscoring expectations that Europe’s biggest economy will recover only gradually this year.
Joblessness rose by a seasonally adjusted 25,000 in May, while economists polled by Bloomberg had expected a gain of just 7,000. The unemployment rate held at 5.9%, the Federal Labor Agency said Tuesday.
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