Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Investing.com -- According to figures released by the labor office on Wednesday, the increase in the number of unemployed individuals in Germany was slower than anticipated in April.
The data revealed a seasonally adjusted increase of 4,000 to a total of 2.92 million unemployed, which is similar to the level in March. Analysts had expected a larger increase of around 15,000.
In related economic news, the country’s gross domestic product (GDP) for the first quarter of 2025 showed a rise of 0.2%, aligning with forecasts, according to the statistics office.
These economic indicators are being closely watched as a new conservative-led government, in coalition with the Social Democrats, is set to take office next week.
A significant challenge for the incoming administration will be to steer Germany, Europe’s largest economy, out of a two-year economic downturn.