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

Luxembourg Inflation Rises To 1-Year High (06 hr(s), 57 min(s), 17 sec(s) ago)
(RTTNews) - Consumer price inflation in Luxembourg accelerated in June to the highest level in one ...Full Story»

Denmark Industrial Production Rises 0.1% (08 hr(s), 09 min(s), 17 sec(s) ago)
(RTTNews) - Denmark's industrial production increased for the second straight month in May, th ...Full Story»

Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall (08 hr(s), 30 min(s), 17 sec(s) ago)
(RTTNews) - Euro area retail sales decreased for the first time in five months and services produc ...Full Story»

Iceland Trade Deficit Narrows In June (09 hr(s), 0 min(s),17 sec(s) ago)
(RTTNews) - Iceland's foreign trade deficit decreased in June from a year ago, figures from St ...Full Story»

Czech Industrial Output Growth Improves; Trade Surplus Rises (09 hr(s), 35 min(s), 17 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in nearly ...Full Story»

Eurozone Investor Confidence Strongest In More Than 3 Years (10 hr(s), 18 min(s), 17 sec(s) ago)
(RTTNews) - Eurozone investor confidence rose to the highest level in more than three years in Jul ...Full Story»

German Industrial Production Rebounds In May (10 hr(s), 45 min(s), 17 sec(s) ago)
(RTTNews) - Germany's industrial production rebounded in May driven by robust demand for autom ...Full Story»

Romania Retail Sales Growth Eases To 2.7% (12 hr(s), 01 min(s), 17 sec(s) ago)
(RTTNews) - Romania's retail sales growth eased for the eighth straight month in May, though m ...Full Story»