German Unemployment Rises in June

By Todd Buell Features Dow Jones Newswires

German unemployment surprisingly rose in June, data from the country's labor agency showed Friday.

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In adjusted terms, joblessness increased by 7,000, compared with expectations in a Wall Street Journal survey of analysts of a dip of 10,000. The unemployment rate stood, however, at 5.7%, matching expectations.

When seasonal adjustments weren't considered, however, the labor market data looked stronger. The unadjusted unemployment rate declined 0.1 percentage point to 5.5%, the lowest since 1991.

"Employment and the demand of firms for new employees have again strongly increased", said the head of Germany's labor agency Detlef Scheele in a press release.

--Christine Popp in Nuremberg contributed to this article

Write to Todd Buell at todd.buell@wsj.com

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(END) Dow Jones Newswires

June 30, 2017 04:09 ET (08:09 GMT)