Economic Calendar

Tuesday, July 1, 2008

German Unemployment Rate Falls to 7.8%, 38,000 Less Unemployed in June

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European Economy | Written by CEP News | Jul 01 08 08:25 GMT |
(CEP News) Frankfurt - The German unemployment rate for June fell to 7.8%, reflecting a 38,000 person fall in the number of unemployed in Germany, the Federal Labour Agency reported on Tuesday. Economists had expected the unemployment rate to stay at 7.9%, with only 14,000 individuals removing themselves from the list of unemployed.

May had seen a 2,000 person increase in the unemployment ranks, revised down from a 4,000 person rise.

By Todd Wailoo, twailoo@economicnews.caThis email address is being protected from spam bots, you need Javascript enabled to view it , edited by Stephen Huebl, shuebl@economicnews.caThis email address is being protected from spam bots, you need Javascript enabled to view it

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