Home/Newsfeed

German Unemployment Falls Ahead of September Election

Share Print 0

German unemployment extended its decline in August, underpinning a robust upswing in Europe’s largest economy less then four weeks before general elections.The number of people out of work fell by a seasonally adjusted 5,000 to 2.532 million, data from the Federal Labor Agency in Nuremberg showed on Thursday. The median estimate in a Bloomberg survey was for a drop of 6,000. The jobless rate remained at 5.7 percent, the lowest level since the country’s reunification.“The labor market continues to develop favorably,” labor agency head Detlef Scheele said in a statement. “Strong employment growth continues and demand from companies for new employees continues to be high.”

Source: German Unemployment Falls as Nation Braces for General Elections – Bloomberg

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
, ,
Back to Top