Germany's unemployment declined in December despite the government tightening the coronavirus containment measures, data released by the Federal Labor Agency showed Tuesday.
Another official data revealed that retail sales growth slowed less than expected in November driven by non-food sector retailing.
The number of people out of work fell 37,000 from November, confounding expectations for an increase of 10,000. Unemployment had decreased by 40,000 in November. The unemployment rate remained unchanged at 6.1 percent in December, as expected.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.