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Commodity Mid Session News

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(31 Jul 2025, 16:03)

Economic Buzz: German unemployment up 5.1% on year in Jun-25


Destatis stated today that roughly 45.9 million persons resident in Germany were in employment in June 2025. According to provisional calculations of the Federal Statistical Office (Destatis), the seasonally adjusted number of persons in employment therefore fell slightly by 20,000 compared with the previous month. In May 2025, a similar decline in employment figures was registered (-18,000 persons). Compared with June 2024, the number of persons in employment in June 2025 was virtually unchanged (-3,000 or 0.0%). According to results of the labour force survey, 1.58 million people were unemployed in June 2025. This was an increase of 76,000, or 5.1%, compared with June 2024. The unemployment rate rose to 3.6%, which represented an increase of 0.2 percentage points on the same month of the previous year (June 2024: 3.4%).
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