Bond.az White LogoBond.az Black Logo

German unemployment unexpectedly falls in May

German unemployment unexpectedly fell in May by 12,000 seasonally adjusted, with the jobless rate at 6.3%. Labour office cites one-off effect, while economists warn of future increases.

Matthew King
ByMatthew King- Senior Editor
|
0

The number of unemployed people in Germany fell unexpectedly in May, labour office figures showed, but it warned of a one-off effect.

In seasonally adjusted terms, jobless figure fell by 12,000, while analysts had predicted an increase of 10,000.

The overall unadjusted number of unemployed fell below 3 million to 2.95 million.

The seasonally adjusted jobless rate stood at 6.3% in May, 0.1 percentage points lower than the previous month.

Labour office head Andrea Nahles said: "Despite a decline in unemployment, the spring upturn has not really gained momentum this year."

Economists have warned that increases in unemployment are likely in the coming months due to delayed reactions to geopolitical shocks.

More News
Today / 14:30
|
765

Most Competitive Economies: Singapore Leads

Switzerland lost its top spot in competitiveness ranking; Singapore leads. Details on IMD report and shifts.

0
Today / 09:31
|
867

How to Reduce Food Import Growth?

Causes and solutions for rising food imports in Azerbaijan.

0
Yesterday / 17:03
|
374

Green Energy Corridor: Feasibility Study by 2027

The feasibility study for the Caspian green energy corridor will be completed by 2027. Uzbekistan's Deputy Energy Minister Umid Mamadaminov highlights the project's significance.

0
Yesterday / 11:31
|
818

Minister: Industrial production to be key economic driver

Economy Minister Mikayil Jabbarov highlights the future economic role of industrial production.

0
Yesterday / 11:03
|
488

Mikayil Jabbarov: IsDB Contributes to Azerbaijan's Development

Minister Mikayil Jabbarov highlights IsDB's support for Azerbaijan's development and modernization, and expresses expectations for future cooperation.

0
Yesterday / 10:30
|
390

R&D costs 250% tax deductible

Azerbaijan introduces 250% tax deduction for R&D costs, boosting innovation. Learn about eligible expenses and beneficiaries.

0
Yesterday / 10:01
|
261

937M manat paid in pensions and benefits in 5 months

In the first five months of this year, Azerbaijan paid 937 million manat in benefits and presidential pensions, with increases compared to last year.

0
Yesterday / 10:00
|
888

15-year customs benefits for exporters in Alat FEA

Enterprises in Alat Free Economic Zone get 15-year customs duty exemption if they export at least 50% of products. Details inside.

0
Yesterday / 06:31
|
633

Baku Signs New Islamic Finance MOU

Baku hosts signing of Islamic finance MOU between IsDB Institute and Labuan FSA. Read more on Bond.az.

0
Yesterday / 06:01
|
672

Azerbaijan oil prices drop

Azerbaijan oil prices dropped 4.55% to $82.61 per barrel. Latest update.

0
Yesterday / 06:00
|
995

Azerbaijan-Chad Economic Cooperation Prospects

Azerbaijan and Chad discuss economic cooperation prospects at Islamic Development Bank annual meetings. Opportunities in trade, investment, energy, and digitalization explored.

0
2026-06-16 16:31
|
696

Historic decision in Baku: $2.8B package approved

The Islamic Development Bank approved a $2.8 billion development financing package at its Baku meeting, covering transport, energy, agriculture, and climate resilience projects.

0
...
German unemployment unexpectedly falls in May | Bond.az