Financial News: German Unemployment Climbs Less Than Expected In June

German Unemployment Climbs Less Than Expected In June

07/01/2025 - 15:42:00 (RTTNews)

(RTTNews) - Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.

The seasonally adjusted number of unemployed rose by 11,000 from the previous month, the Federal Employment Agency said, which was smaller than the 15,000 increase economists had forecast. The jobless figure was 188,000 higher from the same month last year.

The increase in May was revised down to 33,000 from 34,000.

The seasonally adjusted jobless rate was steady at 6.3 percent in June, following a revision to May's original figure of 6.2 percent.

The non-adjusted unemployment total fell by 5,000 to 2.91 million in June.

"The labor market continues to show signs of economic weakness," Andrea Nahles, chairwoman of the Federal Employment Agency, said.

"Unemployment continues to develop unfavorably. And the willingness of companies to hire remains low," the official added.

Elsewhere on Tuesday, results of the latest <a href=https://www.rttnews.com/3550108/eurozone-manufacturing-sector-contraction-slows-in-june.aspx?type=eueco target=_blank >S&P Global purchasing managers' survey</a> showed that German manufacturers continued to trim staff levels in June, extending the current sequence of job cuts to two years. The pace of job shedding accelerated for the first time in four months and was the fastest recorded since February, the PMI survey said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Retail Sales Rise Less Than Forecast (22 min(s), 10 sec(s) ago)
(RTTNews) - Australia's retail sales increased at a slower-than-expected pace in May due to th ...Full Story»

European Economic News Preview: Eurozone Unemployment Data Due (54 min(s), 10 sec(s) ago)
(RTTNews) - Unemployment figures from Eurozone, Spain and Italy are the top economic news due on W ...Full Story»

South Korea Consumer Prices Unchanged In June (02 min(s), 50 sec(s) ago)
(RTTNews) - Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in Jun ...Full Story»

Australia Retail Sales Data Due On Wednesday (53 min(s), 50 sec(s) ago)
(RTTNews) - Australia will on Wednesday release May figures for retail sales, highlighting a modes ...Full Story»

German Unemployment Climbs Less Than Expected In June (35 min(s), 50 sec(s) ago)
(RTTNews) - Joblessness in Germany rose in June but at a slower than expected pace, official figur ...Full Story»

U.S. Construction Spending Dips Slightly More Than Expected In May (41 min(s), 50 sec(s) ago)
(RTTNews) - Construction spending in the U.S. decreased by slightly more than expected in the mont ...Full Story»

U.S. Job Openings Unexpectedly Climb To 7. 769 Million In May (30 min(s), 50 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed an unexpected increase by ...Full Story»

U.S. Manufacturing Index Inches Higher But Still Indicates Contraction In June (22 min(s), 50 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Tuesday showing a modest incr ...Full Story»