German June jobless claims rise 133,000 versus expectations for a fall of 5,000

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Jobless claims in Germany rose strongly in June due to the registration of Ukrainian refugees in the German labor market, the Federal Employment Agency said Thursday.

Jobless claims rose by 133,000 on month after declining by 5,000 in May. Economists polled by The Wall Street Journal had forecast a decline of 5,000.

The adjusted unemployment rate was at 5.3% in June, up from 5.0% in May and above the forecast of economists polled by the Journal of 5.0%.

The number of registered job vacancies stood at 877,000 in June, up 184,000 on year, the agency said.

Write to Maria Martinez at maria.martinez@wsj.com

This article was originally published by Marketwatch.com. Read the original article here.

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