German unemployment declined less than expected in May, the Federal Labor Agency reportedly said Tuesday.
The number of people out of work declined by seasonally adjusted 6,000 in May. It was forecast to fall by 10,000. The jobless rate came in at a record low 6.4 percent, the same rate as seen in April.
Data from Destatis today showed that the jobless rate held steady at 4.7 percent in April. The number of unemployed decreased to 1.98 million in April from 1.99 million in the preceding month.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.