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German unemployment up to 6.8 percent in July amid signs of slower job momentum
BERLIN (AP) Unemployment in Germany, Europe's biggest economy, rose in July amid concerns that the labor market's momentum is slowing.
Germany's Federal Labor Agency said Tuesday that the unadjusted jobless rate climbed to 6.8 percent in July from 6.6 percent in June. The number of people registered as unemployed was up 67,000 compared with the previous month at 2.876 million.
Labor agency chief Frank-Juergen Weise blamed the increase largely on seasonal factors unemployment typically climbs during the summer break but said there are also "indications of a weaker development" on the labor market.
In seasonally adjusted terms, the unemployment rate was static at 6.8 percent in July though the number of people without work increased by 7,000.