German unemployment rose by a more-than-expected 33,000 in May, according to official data published on Wednesday.
Source: Sharecast
The number of unemployed people in Europe's biggest economy now sits at 2.963 million on a seasonally adjusted basis. Analysts had expected a rise of 10,000.
"The labour market is not getting the tailwind it needs for a trend reversal. Therefore, we expect unemployment figures to continue to rise in the summer," said labour office head Andrea Nahles.
Reporting by Frank Prenesti for Sharecast.com
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