German Unemployment Unexpectedly Drops on Jump in Job Creation

Thursday, 27 Jun 2013 09:51 AM

 

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A seasonal pickup in job creation has helped push Germany's unemployment rate down to 6.6 percent in June from 6.8 percent the previous month.

The Federal Labor Agency said Thursday that 2.865 million people were registered as unemployed, a drop of 72,000 over the month.

When adjusted for seasonal factors, unemployment fell by 12,000 but the rate was steady at 6.8 percent.

Europe's biggest economy has enjoyed a period of relatively low unemployment in contrast to many of the other European Union countries that use the euro. Spain and Greece for example have unemployment rates above 25 percent.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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