German Jobless Claims Fell More Than Expected in July

By Maria Martinez

German jobless claims fell considerably more than expected in July, the Federal Employment Agency said Thursday.

Jobless claims fell by 91,000 on the month after declining by a revised figure of 39,000 in June. Economists polled by The Wall Street Journal had forecast a decline of 22,500.

The adjusted unemployment rate was at 5.7% in July, falling from 5.9% in June. Economists polled by The Wall Street Journal had forecast the adjusted unemployment rate at 5.8% in July.

The number of registered job vacancies stood at 744,000 in July, up 171,000 on year, the agency said.

Write to Maria Martinez at [e-mail]

(END) Dow Jones Newswires

07-29-21 0411ET