FOREX TradingCharts.com

Financial News: German Unemployment Logs Modest Decline

German Unemployment Logs Modest Decline

07/01/2019 - 09:27:00 (RTTNews)

(RTTNews) - Germany's unemployment decreased less-than-expected in June after a strong increase in the previous month, mirroring a slowing economy.

The seasonally adjusted number of unemployed persons fell by 1,000, preliminary data from the Federal Employment Agency showed on Monday. Economists had forecast a fall of 3,000.

The modest decline in June came after an unexpected 60,000 increase in May, which was the first rise in nearly two years.

"The weaker economic growth is leaving a slight mark on the labor market," Detlef Scheele, CEO of the Federal Employment Agency said in Nuremberg.

"The number of jobs is at a high level and employment growth is losing momentum."

The jobless rate was 5 percent in June, unchanged from May, and in line with economists' expectations.

In May, the jobless rate had risen from the re-unification low of 4.9 percent logged in each of the previous two months and marked the first increase since November 2013.

Earlier on Monday, data from Destatis showed that the ILO jobless rate remained steady at 3.1 percent in May.

The non-seasonally adjusted unemployment decreased by 20,000 to 2.216 million persons in June, the Federal Employment Agency said.

The impact of the slowing economy was clearly evident in underemployment, the agency said.

The corresponding seasonally adjusted figure grew by 6,000 from the previous month to 3.172 million persons.

The number of vacancies remained high, but slowed noticeably. In June, 798,000 jobs were available, which was 8,000 fewer than the same month last year.

On a seasonally adjusted basis, the number of vacancies reported to the agency decreased by 4,000.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Iceland Inflation At 4-Month Low (01 hr(s), 32 min(s), 50 sec(s) ago)
(RTTNews) - Iceland's consumer price inflation slowed to the lowest level in four months in Ju ...Full Story»

Hong Kong Inflation Accelerates In June (01 hr(s), 34 min(s), 50 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation rose in June after easing in the previous mon ...Full Story»

Taiwan Jobless Rate Rises In June (01 hr(s), 35 min(s), 50 sec(s) ago)
(RTTNews) - Taiwan jobless rate rose in June after slowing in the previous month, the Directorate ...Full Story»

UK Households Remain Upbeat About Future Finances (01 hr(s), 41 min(s), 50 sec(s) ago)
(RTTNews) - British households' expectations towards future finances remained positive in July ...Full Story»

Estonia Producer Price Inflation Slows In June (05 hr(s), 28 min(s), 50 sec(s) ago)
(RTTNews) - Estonia's producer price inflation slowed in June, data from Statistics Estonia sh ...Full Story»

Dutch Consumer Confidence Improves In July (05 hr(s), 32 min(s), 50 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved in July, data from the Central Bureau of Statistics ...Full Story»

World Bank Says Afghanistan Growth To Improve Despite Headwinds (06 hr(s), 43 min(s), 50 sec(s) ago)
(RTTNews) - Afghanistan's economic growth is expected to improve this year with easing of drou ...Full Story»

CBI Urges Next UK PM To Act Fast To Get Economy Back On Track (07 hr(s), 20 min(s), 50 sec(s) ago)
(RTTNews) - The next UK Prime Minister should restore confidence and take action to bring the econ ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Iceland Inflation At 4-Month Low

07/22/2019 - 05:51 AM (RTTNews)
(RTTNews) - Iceland's consumer price inflation slowed to the lowest level in four months in Ju ...Full Story>>

Hong Kong Inflation Accelerates In June

07/22/2019 - 05:49 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation rose in June after easing in the previous mon ...Full Story>>

Taiwan Jobless Rate Rises In June

07/22/2019 - 05:48 AM (RTTNews)
(RTTNews) - Taiwan jobless rate rose in June after slowing in the previous month, the Directorate ...Full Story>>

UK Households Remain Upbeat About Future Finances

07/22/2019 - 05:42 AM (RTTNews)
(RTTNews) - British households' expectations towards future finances remained positive in July ...Full Story>>

Estonia Producer Price Inflation Slows In June

07/22/2019 - 01:55 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation slowed in June, data from Statistics Estonia sh ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.