Prior 0kUnemployment rate 6.4% vs 6.3% expectedPrior 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.