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2025-07-31 16:23:55
Germany's unemployment rate remained stable at 6.3% in July, with the number of unemployed rising less than expected. (1) Data from the German Federal Employment Agency showed that the seasonally adjusted unemployment rate remained at 6.3% in July, with the number of unemployed rising by 2,000 from the previous month to 2.97 million, far below market expectations of a 15,000 increase. (2) The unadjusted total number of unemployed people rose to 2.979 million (previous value: 2.914 million), while the number of job vacancies decreased by 75,000 year-on-year to 628,000, indicating a continued slowdown in labor demand. (3) The head of the Employment Agency stated that the increase in the unemployment rate was primarily due to seasonal factors such as the summer vacation.
