In July, the unemployment rate unexpectedly rose in Germany

In July, the unemployment rate unexpectedly rose in Germany

Analysts surveyed by „Factset“ forecasted a 6.3 percent rate. This is exactly the unemployment rate for the past two months.

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Less representative, but widely publicly discussed unadjusted data showed that in July the number of unemployed increased by 71,000 and exceeded the three million mark for the first time since May. Seasonally adjusted data showed that this number increased by 6,000.

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