Despite the coronavirus pandemic weighing on the German economic activity, unemployment increased less than expected in June, helped by the short-time work program.
Data from the Federal Employment Agency revealed that the number of unemployed persons rose by 69,000 in June from previous month, which was much less than economists' forecast of 120,000. In May, the number of people out of work had increased by 237,000.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.