Germany's unemployment declined more than expected in August, reports said citing data from the Federal Labor Agency on Tuesday.
The number of unemployed declined by 7,000 in August from July. Economists had forecast a decrease of 4,000.
The jobless rate remained unchanged at 6.4 percent in August as expected by economists.
Data from Destatis today showed that the number of unemployed people decreased to 1.97 million in July from 1.98 million in the preceding month. The ILO jobless rate held steady at 4.7 percent in July.
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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.