Berlin: The German unemployment rate fell to 5.7% in June when the European largest economy benefited from a sharp decline in Coronavirus infection, official data showed on Wednesday.
Unemployment rates are not adjusted, the main character in Germany, down from 5.9% in May, said the federal work body.
The total number of people registered as unemployed reaches 2.61 million – 73,000 fewer than the previous month and 239,000 less than a year earlier.
In seasonally adjusted terms, the unemployment rate still reached 5.9%, but there was a better decrease in 38,000 in the number of people counted as unemployed.
The Covid-19 case has declined to their lowest level in a few months in Germany, allowing the authorities to raise many restrictions – even though they remain vigilant about the potential impact of the more contagious Delta variant, whose new infection part has increased rapidly.
Rising in unemployment in Germany and elsewhere in Europe has been moderated with international standards during a pandemic.
That’s because entrepreneurs have utilized a heavy salary support program, often referred to as a leave scheme, which allows them to keep employees at payroll while they are waiting for a better time.
In Germany, the labor agency pays at least 60% of employee salaries that are reduced or zero hours.
The labor agency said it was paying support for 2.34 million people in April, the last month he has estimates.
It fell from 2.7 million in March and was far below the peak of almost 6 million in April 2020.
“At first glance, the current figure shows that the German labor market has left the crisis behind,” Carsten Brzeski, an economist in Ing , write in research records.
“At the second view, however, the high number of short workers must remain a good reminder of the potential risk going forward, even if this risk looks less threatening in the month.”