Germany: Unemployment Rate stays unchanged at 5% as expected

Market news

3 May 2022

Germany: Unemployment Rate stays unchanged at 5% as expected

Unemployment Rate in Germany stayed unchanged at 5% in April as expected.
EUR/USD clings to modest daily gains above 1.0500 in the early European session.

The data published by Germany's Federal Labour Office showed on Tuesday that the seasonally adjusted Unemployment Rate in April stayed unchanged at 5% in April, matching the market expectation.

Further details of the publication revealed that the number of unemployed declined by 13,000 to 2.287 million, compared to analysts' estimate for a decrease of 15,000.

Market reaction

EUR/USD continues to edge higher after this report and was last seen gaining 0.2% on the day at 1.0523.

Currencies. Daily history for Tuesday, May 3, 2022

Commodities. Daily history for Monday, May 2, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.