The number of unemployed people in Germany decreased for the second month in a row during the month of August, indicating a recovery in the labor market after being hit by the Coronavirus crisis.
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According to Reuters, the Labor Office said that the number of unemployed persons adjusted in light of seasonal factors decreased by 9,000 to 2.915 million. The unemployment rate adjusted for seasonal factors remained unchanged at 6.4 percent.
Analysts expected a steady reading of both the number of unemployed and the unemployment rate.
The Labor Office said that the number of people working within a program of fewer working hours and wages, which continues to protect the labor market from the impact of the Coronavirus pandemic, has decreased to 5.36 Million in June from 5.82 million in May.
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