German unemployment rises less than expected in March

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German unemployment rises less than expected in March

© Reuters. FILE PHOTO: The skyline with the banking district is seen during sunset in Frankfurt, Germany, February 27, 2024. REUTERS/Kai Pfaffenbach/File PhotoBERLIN - The number of people out of work in Germany rose less than expected in March, Federal Labour Office figures showed on Thursday.

The office said the number of unemployed grew by 4,000 in seasonally adjusted terms to 2.719 million. Analysts polled by Reuters had expected that figure to rise by 10,000."Unemployment and underemployment did fall in March, but less than usual this month. The economic downturn is therefore still having an impact on the labour market," labour office head Andrea Nahles said.

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