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German unemployment inches up in June

Rate up to 6.4 percent seasonally-adjusted

01 July, 13:57
(ANSA-AFP) - FRANKFURT AM MAIN, 01 LUG - Unemployment in Germany only inched up in June, official data showed Wednesday, as Europe's top economy has weathered the coronavirus storm so far without mass layoffs. The unemployment rate added just 0.1 percentage point compared with May, reaching 6.4 percent, seasonally-adjusted figures from the BA federal labour agency showed. Before the pandemic reached Germany in March, the rate had hovered around 5.0 percent since late 2018 as the country basked in the end of a post-financial crisis boom. In absolute terms, less representative of underlying trends but more closely followed in public debate, the number of people out of work rose by 40,000 month-on-month, to over 2.8 million. That was almost 640,000 more than a year ago. (ANSA-AFP).

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