German jobless rate holds at 6.2%
- As expected, Germany's unemployment rate remained unchanged at an all-time low of 6.2% in April.
- The number of unemployed people declined for the seventh consecutive month with a drop of 16,000 on month, topping forecasts for a gain of 4,000.
- The euro is +0.3% at $1.1353, although the DAX is -1.3%.
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