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German Unemployment Rate Falls to 7.8%, 38,000 Less Unemployed in June |
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European Economy |
Written by CEP News |
Jul 01 08 09:25 GMT |
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(CEP News) Frankfurt - The German unemployment rate for June fell to 7.8%, reflecting a 38,000 person fall in the number of unemployed in Germany, the Federal Labour Agency reported on Tuesday. Economists had expected the unemployment rate to stay at 7.9%, with only 14,000 individuals removing themselves from the list of unemployed.
May had seen a 2,000 person increase in the unemployment ranks, revised down from a 4,000 person rise. By Todd Wailoo,
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