Germany's unemployment rate fell to 6.3% in May; officials attribute the decline to a one-off effect

汇通财经2026/05/29 08:44

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(1) Germany's seasonally adjusted unemployment rate for May fell from April's nearly six-year high of 6.4% to 6.3%, slightly better than market expectations. However, the Federal Employment Agency attributed this decline to one-off effects. (2) The number of unemployed dropped by 12,000 to 2.987 million, in contrast to market forecasts of an increase of 10,000. The unadjusted number of unemployed fell to 2.95 million, breaking below the 3 million mark, mainly due to a rebound following weak data in April. (3) The agency's director stated: "Despite the decrease, this spring's recovery has not truly gained momentum." It is expected that the unemployment rate will rise in the coming months, as companies are postponing staff adjustments to cope with geopolitical shocks, including the Iran conflict.

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(1) Japanese Prime Minister Sanae Takaichi stated that enhancing Japan’s global economic competitiveness will ultimately boost market confidence in the yen. (2) She defended her fiscal policies in response to concerns that the planned tax cuts might weaken support for the yen. (3) During a parliamentary session, she said: "Regarding our proactive and responsible fiscal policy, we believe that enhancing Japan’s global economic competitiveness will ultimately help maintain market confidence in the yen. This means we are taking a consistent policy approach."

智通财经•2026/10/09 05:06