Germany's unemployment rose in February, defying expectations for a decline, mainly due to the return of lockdown measures to battle the coronavirus pandemic that has severely hurt economic activity. The number of unemployed grew by a seasonally adjusted 9,000 persons from January to 2.752 million, latest data from the Federal Labor Agency showed Tuesday.
Economists had forecast a decline of 13,000. In January, the figure dropped by 37,000 persons.
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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.