German jobless claims continued to fall in July, albeit by less than expected, and the Federal Employment Agency said Tuesday that the strong upswing in the jobs market is beginning to show signs of weakening.

Jobless claims dropped by 6,000 in July compared with June, the Federal Employment Agency said, referring to data adjusted for seasonal swings. Economists polled by The Wall Street Journal had forecast a decline of 10,000.

Detlef Scheele, the head of the employment body, said the labor market continues to develop "very favorably, albeit not as dynamic" as before. - via WSJ