(ANSA-AP) - BERLIN, JULY 31 - Germany's unemployment rate
edged up to 5% in July as the summer holidays weighed on hiring
and worries increase about the strength of Europe's biggest
economy.
The Federal Employment Agency said Wednesday that 2.275
million people were registered as jobless in July, 59,000 more
than in June, but 49,000 fewer than July 2018.
The unadjusted unemployment rate ticked up to 5% from 4.9% in
June. In seasonally adjusted terms, unemployment stayed at 5%
for the third consecutive month.
Senior agency official Daniel Terzenbach said "companies'
demand for new employees is declining slightly" and employment
is "still increasing but less dynamically." ING economist
Carsten Brzeski said "the industrial slowdown of the last 12
months is finally leaving its mark on the domestic economy and
more particularly on the labor market." (ANSA-AP).
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