Economics
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
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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.