Economics
German Unemployment Declined Before Britain’s Shock Leave Vote
- Number of jobless fell by 6,000 vs estimated drop of 5,000
- Unemployment rate unchanged at record low of 6.1 percent
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German unemployment extended its decline in June, signaling economic growth remained robust before Britons unexpectedly voted to exit the European Union.
The number of people out of work fell by a seasonally adjusted 6,000 to 2.69 million, data from the Federal Labor Agency in Nuremberg showed on Thursday. The median estimate in a Bloomberg survey was for a drop of 5,000. The jobless rate remained unchanged at a record low of 6.1 percent.