Germany’s unemployment rate rises more than expected in June

Data from Germany’s Federal Labor Office showed on Friday that the country’s unemployment rate rose more-than-expected in June.

The office said that the number of unemployed increased by 28 thousand people in light of seasonal adjustments to reach 2.61 million people.

Analysts polled by Reuters had expected an increase of 13,000 people.

The unemployment rate, with seasonal adjustments, rose to 5.7 percent.

“The impact of difficult economic conditions is now also being felt in the labor market … Unemployment is increasing and economic growth is losing momentum,” said Andrea Nals, head of the office.