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Financial News: German Unemployment Due Tuesday: What Economists Expect

German Unemployment Due Tuesday: What Economists Expect

06/04/2024 - 00:19:00 (RTTNews)

(RTTNews) - Germany's jobless figures for May is due at 03:55 am ET on Tuesday. The consensus expectation is for an increase of 7,000 in unemployment after a stronger than expected 10,000 rise in April. The jobless rate is expected to hold steady at 5.9 percent. <b>Daiwa Europe</b> - Jobless claims in Germany are expected to have risen modestly for a 17th consecutive month, albeit leaving the unemployment rate unchanged at 5.9 percent for sixth successive month. The <a href=https://www.rttnews.com/3450201/german-gdp-grows-0-2-as-estimated.aspx target=_blank >German economy avoided a recession</a> in the first quarter by expanding 0.2 percent q/q on the back of rebound in exports and investment.

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