German Unemployment Rate Falls to 6.7%, Number Unemployed Is Unchanged


Photo: Flickr/Aenneken

Germany’s unemployment rate declined to 6.7% in May.¬† Economists were expecting the rate to stay flat at 6.8%.The number of unemployed, however was flat month-over-month. Economists were hoping the number to decline by 7.000.

Markets moved marginally higher on the news.

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