German jobless rate edges up in June, millions on furlough

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In May, the country’s GDP contracted 2.2% in the first quarter compared with the same period in 2019, and the economy entered a recession. Germany has 83 million inhabitants. In seasonally adjusted terms, unemployment was up to 6.4% from 6.3% in May, while in March, it stood at 5%. The federal labor agency said that 2.85 million people were registered as unemployed. Germany started easing the coronavirus restrictions in late April. However, the rise was slower than in the previous two months thanks to the government’s coronavirus aid programmes. Germany’s unemployment rate rose in June, official figures showed Wednesday. The unadjusted jobless rate rose to 6.2% from 6.1% in May. On Wednesday, the labor agency said that it paid out 60% of the salary for 6.83 million furloughed employees in April. It paid out to 2.49 million in people in March, and just to 133,000 in February. In March, it stood at 5.1%.
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EPA-EFE/MAURITZ ANTIN

A general view of the downtown Frankfurt, with the financial district high-rise buildings at centre on the background and the new constructed old town at bottom right, Frankfurt, Germany, 03 March 2020 (reissued 15 May 2020). According to data from the Federal Statistics Office, Germany's economy has shrunk for two consecutive quarters of the year, pushing the country into a recession. According to data from the Federal Statistics Office, Germany’s economy has shrunk for two consecutive quarters of the year, pushing the country into a recession. style=”font-size:40px; line-height: 1.3em; font-weight: 800; padding:7px;”>German jobless rate edges up in June, millions on furlough

By Elena Pavlovska
Journalist

epa08423865 (FILE) – A general view of the downtown Frankfurt, with the financial district high-rise buildings at centre on the background and the new constructed old town at bottom right, Frankfurt, Germany, 03 March 2020 (reissued 15 May 2020). EPA-EFE/MAURITZ ANTIN

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