Germany's unemployment dropped more than expected in May, providing more evidence of a rebound in the biggest euro area economy.
The number of unemployed dropped by 15,000 persons in May after growing a revised 8,000 in the previous month, data from the Federal Labor Office showed Tuesday. Economists had expected joblessness to decline by 9,000 persons.
The first signs of an improvement in the labor market has appeared in May, Chairman of the Federal Employment Agency Detlef Scheele said.
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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.