Germany's unemployment decreased more than expected in June as restrictions related to the coronavirus pandemic were relaxed, data from the Federal Labor Agency revealed on Wednesday.The number of people out of work declined 38,000 in June from the previous month, much bigger than the expected fall of 20,000. Unemployment had decreased 19,000 in May.The unemployment rate remained unchanged at 5.9 ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.