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German Unemployment Rises Less Than Expected

Por: RTTNews Business May 31, 2023

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Germany's unemployment increased less than expected in May despite the entering a technical recession in the face of high inflation and tight monetary policy. The number of unemployed persons increased 9,000 in May, the Federal Labor Agency reported Wednesday. This followed an increase of 23,000 in April and 18,000 in March. Economists had forecast unemployment to increase 15,000.The unemployment rate held steady at 5.6 percent in May, in... + full article



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