German Jobless Numbers Surpass 3 Million Mark in April
German unemployment rose by 20,000 in April to surpass 3 million as the spring upturn remained weak. The jobless rate held steady at 6.4 percent for the month.
Xurve View
Xurve View
Germany unemployment rose by 20,000 in April, pushing the total number of jobless people above the 3 million mark. The increase was five times higher than the 4,000-person rise predicted by economists in a Reuters poll. Persistent labor market weakness suggests the eurozone's largest economy is struggling to find a growth catalyst.
### Labor Market Stagnation Persists The seasonally adjusted jobless rate stood at 6.4%, in line with a month earlier. While the rate remains stable, the volume of new claims indicates a lack of momentum in the private sector.
