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MNI DATA BRIEF: German Unemployment Falls; Jobless Rate Lower

(MNI) London

German unemployment retreated by 53,000 in August, exceeding the 40,000 decline forecast by City analysts, following a 90,000 fall in July (originally reported as -91,000). Some 2.538 million people were unemployed in August, down from 2.591 million in July.

That takes the unemployment rate down to 5.5% in August, from a downwardly-revised 5.6% in July (initially reported as 5.7%) and well below the 6.3% touched in the same month of 2020. Vacancies rose by 22,000 last month, extended a 40,000 increase in July.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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