Economic Buzz: German unemployment rate drops in May

The number of unemployed people in Germany fell unexpectedly in May, labour office figures showed on Friday, but the office warned that this was due to a one-off effect. In seasonally adjusted terms, the jobless figure fell by 12,000. The overall unadjusted number of unemployed ⁠people fell below the 3 million mark to 2.95 million. The decrease is likely mainly due to a counter-effect following the weak April figures, the labour office said. The seasonally adjusted jobless rate stood at 6.3% in May, 0.1 percentage points lower than the previous month.

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