Germany May unemployment change 25k vs 7k expected

• Prior 10k; revised to 11k
• Unemployment rate 5.9%
• Prior 5.9%

The unemployment change was worse than estimated but at least the jobless rate is seen keeping steady on the month. Despite the manufacturing recession, the German labour market is still taking things in its stride over the last year. And with the recent economic optimism, it should ease fears of things getting too much worse in the months ahead.

This article was written by Justin Low at www.forexlive.com.