German Unemployment Falls as Companies Shrug Off Brexit Woes
- Jobless rate unchanged at 6.1%, lowest since reunification
- GfK study shows 95% of Germans don’t see job at risk post vote
This article is for subscribers only.
German unemployment extended its decline in July, in a sign that Europe’s largest economy is showing resilience to uncertainty unleashed by Britain’s vote to leave the European Union.
The number of people out of work fell by a seasonally adjusted 7,000 to 2.682 million in July, data from the Federal Labor Agency in Nuremberg showed on Thursday. Economists in a Bloomberg survey forecast a drop of 4,000. The jobless rate remained at a record low of 6.1 percent.