(RTTNews) - Thursday, Germany’s Federal Statistical Office said in its report that the German ILO seasonally adjusted jobless rate decreased to 7.3% in July from 8.4% in the year-ago period. The jobless rate also eased from June’s 7.4%, which was revised up from the initial estimate of 7.3%. The jobless rate for men stood at 7.4% and that for females was 7.2% for July.

The number of unemployed persons declined seasonally adjusted 12% or by 430,000 annually to 3.16 million in July. Month-on-month, the number dropped 0.7%. In June, the number of unemployed had reached 3.18 million.

Meanwhile, the number of persons in employment rose 1.4% or by 562,000 over the previous year and totaled 40.16 million in July. On a monthly basis, the number decline 0.1% or by 42,000, while seasonally adjusted it was up 0.1% or by 33,000.

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Posted in Categories: Economy, Eurozone, Releases.

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