Germany's unemployment increased unexpectedly in July, official data showed Friday.
The unemployment rate rose to 6.4 percent in July from 6.3 percent in June, the Federal Employment Agency reported. The rate was expected to remain unchanged at 6.3 percent.
The number of unemployed people increased 6,000 from June, when it was down 1,000. Economists had forecast unemployment to climb by 5,000. Unemployment rose to 2.99 million in July.
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Business News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.