Germany's labor agency said on Tuesday seasonally adjusted unemployment fell by 1,000 in June versus economists' median forecast for a 7,000 rise. Unadjusted jobless numbers dropped to 2.984 mln, below the 3.0 mln mark. The seasonally adjusted unempl

2026-06-30

Germany's labor agency said on Tuesday seasonally adjusted unemployment fell by 1,000 in June versus economists' median forecast for a 7,000 rise. Unadjusted jobless numbers dropped to 2.984 mln, below the 3.0 mln mark. The seasonally adjusted unemployment rate held at 6.3%. Labor agency head Andrea Nahles said the labor market shows little change: unemployment edged down while employment covered by social security contributions continued a slight decline. Economists warned unemployment could rise in coming months as firms delay workforce adjustments amid geopolitical shocks such as the Iran conflict. Registered vacancies in June totaled 648,000, up 16,000 YoY.