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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY JUNE UE RATE (SA) 5.3%; MAY 5.0%
GERMANY JUNE UE NET CHANGE (SA) +133K; MAY -5Kr
- German unemployment saw a 0.3pp uptick to 5.3% in June. The rise in employment reflects the influx of Ukrainian refugees, who have been accounted for in the June labour statistics.
- This led to a net employment change of +133,000, following -5,000 seen in May. The German Labour Office noted that the labour market remained otherwise stable in June.
- At the end of May 966,000 Ukrainian nationals were registered, 811,000 more than before the onset of the war. Of the registered Ukrainian refugees, around 75% are between 15-65.
- The tight labour market conditions will likely welcome the stark increase in employable persons currently being processed by German job centres, however, the struggling manufacturing industry remains hampered by supply disruptions and is unlikely to offer the extent of new employment opportunities in previous months.
Unemployment in Germany rises nationally:
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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