• German unemployment rose unexpectedly in April

Market news

29 April 2021

German unemployment rose unexpectedly in April

Reuters reports that the Labour Office said that German unemployment rose unexpectedly in April and companies put more staff on shorter working hours in subsidized job protection schemes, in a further pandemic-related setback for a fragile recovery in Europe’s largest economy.

Number of people out of work increased by 9,000 in seasonally adjusted terms to 2.760 million. Economists had expected a fall of 10,000.

The number of employees put on short-time work schemes increased to 3.27 million in February from 2.9 million in January, the office added.

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