The number of people out of work in Germany rose far less than expected in June, data showed on Wednesday, allaying fears that the coronavirus pandemic would erode the labour market in Europe’s largest economy. The Labour Office said an additional 69,000 people were out of work in seasonally adjusted terms, pushing the unemployment rate to 6.4% from 6.3% the previous month. This meant that 2.943 million people were out of work in June. A Reuters poll had forecast an increase of 120,000, which would have pushed the unemployment rate to 6.6%. (full story)