Berlin: Germany’s unemployment rate ticked up to 6.3 per cent in July, an expected increase as graduating students signed on for benefits and trainees sought jobs, though the labour market in Europe’s biggest economy remains robust.
The Federal Labour Agency said Thursday that 2.773 million people were registered as unemployed in July, 61,000 more than the previous month but 99,000 fewer than a year earlier. The jobless rate was up from 6.2 per cent in June.
Adjusted for seasonal developments, the unemployment rate was unchanged at 6.4 per cent, in line with economists’ expectations, while the number of people out of work was up 9,000 from the previous month.
Germany’s healthy labour market contrasts with those in some southern European countries, where unemployment rates are far higher.
