Germany April unemployment change 20k vs 4k expected
Prior 0k Unemployment rate 6.4% vs 6.3% expected Prior 6.3%; revised to 6.4% The struggle continues as the jobless figure rose by 20,000 on the month. So, that brings the overall number of unemployed persons to above 3 million now (3.006 million to be exact). Meanwhile, the jobless rate is keeping steady at 6.4% after the revision to March but that is the highest since July 2020. The German labour office notes that: "There is still no sign of a turnaround in the labour market. The spring upturn
The unexpected rise in unemployment and the stagnant jobless rate may lead to bearish sentiment in the euro, as traders anticipate potential economic weakness in Germany. This could result in downward pressure on the euro against other currencies.
Prior 0k Unemployment rate 6.4% vs 6.3% expected Prior 6.3%; revised to 6.4% The struggle continues as the jobless figure rose by 20,000 on the month. So, that brings the overall number of unemployed persons to above 3 million now (3.006 million to be exact). Meanwhile, the jobless rate is keeping steady at 6.4% after the revision to March but that is the highest since July 2020. The German labour office notes that: "There is still no sign of a turnaround in the labour market. The spring upturn remains weak in April as well." This article was written by Justin Low at investinglive.com.
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