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German Unemployment Edges Higher as More Refugees Join Workforce

  • Number of jobless rises by 28,000; analysts saw 28,500 gain
  • Unemployment rate increases to 5.5% from 5.4%, as expected

German unemployment rose after more refugees from the war in Ukraine joined the workforce in Europe’s largest economy.

Joblessness rose by 28,000 in August, lifting the unemployment rate to 5.5%. That was just below the median estimate in a Bloomberg poll of economists for gain of 28,500.