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Investing.com -- The number of people out of work in Germany increased by 2,000 in July, significantly below analyst expectations, according to labor office data released Thursday.
The seasonally adjusted unemployment total reached 2.97 million people, the labor office reported.
This modest increase came despite ongoing economic weakness affecting the German job market.
Economists had forecast a much larger rise of 15,000 unemployed for the month.
The data suggests Germany’s labor market may be showing some resilience even as the broader economy continues to struggle with challenges.
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