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31 May 2022
Germany: Unemployment Rate stays unchanged at 5% in May as expected
- Unemployment Rate in Germany remained steady at 5% in May.
- EUR/USD stays in negative territory below 1.0750 on Tuesday.
The data published by Germany's Federal Labour Office showed on Tuesday that the seasonally adjusted Unemployment Rate in May stayed unchanged at 5%, matching the market expectation.
Further details of the publication revealed that the number of unemployed declined by 4,000 to 2.285 million, compared to analysts' estimate for a decrease of 16,000.
Market reaction
EUR/USD showed no immediate reaction to these data and was last seen losing 0.4% on the day at 1.0735.