Economics
German Unemployment Unexpectedly Rises for Second Month
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German unemployment unexpectedly increased for a second month amid signs of a slowdown in Europe’s largest economy.
The number of people out of work rose a seasonally adjusted 9,000 to 2.916 million in June, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline of 10,000, according to the median of 24 estimates in a Bloomberg News survey. The adjusted jobless rate was unchanged at 6.7 percent, the lowest level in more than two decades.