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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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.