Germany May unemployment change 34k vs 10k expected

• Prior 4k
• Unemployment rate 6.3% vs 6.3% expected
• Prior 6.3%

German unemployment was seen a little higher than expected in May but the jobless rate remains unchanged compared to April at least. The labour office noted that “the market is not getting the tailwind it needs for a trend reversal”. Adding that they expect unemployment figures to rise further in the summer.

This article was written by Justin Low at www.forexlive.com.