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Germany’s seasonally adjusted unemployment rate held steady at 6.3% in June, below market expectations of 6.4% but remaining at the highest since September 2020. The number of unemployed rose by 2,000 to 2.97 million, less than the 15,000 increase expected. Still, the number of unemployed people is close to the 3 million mark for the first time in a decade. "Unemployment has risen due to the beginning of the summer break," said labour office head Andrea Nahles. Nahles said earlier this month that improvement is not expected before next summer as the German government's massive spending surge will have a delayed impact on the job market. Meanwhile, there were 628,000 job openings in July, 75,000 fewer than a year ago, in another sign of a slowdown in demand, the labour office said.