Germany July unemployment change -91.0k vs -28.0k expected

Latest data released by the Federal Employment Agency – 29 July 2021

  • Prior -38.0k
  • Unemployment rate 5.7% vs 5.8% expected
  • Prior 5.9%

The drop in the jobless total brings the level down to 2.6 million, reaffirming recovery signs in the German labour market with the FEA noting that:

“Unemployment and underemployment have continued to fall sharply since the start of the summer break. Companies are increasingly looking to hire new staff.”

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