German jobless claims drop in July

Source: Bloomberg
© Scanpix/Agence France-Presse
German jobless claims declined for a second straight month in July, suggesting that nation's economy is recovering and the government most likely is gaining support ahead of the election in September. The number of unemployed people fell by 7,000 touching 2.93 million, according to Federal Labor Agency. It was previously predicted that German unemployment will stay flat.
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