German jobless rate flat in July

Suzie Neuwirth

GERMANY'S unemployment rate remained flat at 6.8 per cent in July, according to new official data today.

However, the number of people out of work fell by 7,000 to 2.934m, beating analysts’ expectations of a decline of 4,000, a welcome sign for the German economy.

Unemployment had fallen by 13,000 the month before.