German unemployment rate stays unchanged at 6.4% in July

FXStreet (Mumbai) - The data released in Germany showed the unemployment rate remained untouched at the record low of 6.4% in seasonally adjusted terms as expected.

The data revealed an increase of 9,000 registered unemployed in July, ending a nine-month run of improvements in the number of people gaining work in the Eurozone’s largest economy. The previous months stands revised 1,000. The actual reading came in worse than analysts' estimates of a 5,000 drop.