• German unemployment rate seen unchanged at 6.3% in May - one f/c 6.4%

• Jobless rate peaked at 6.4% at height of pandemic

• It took an economic shutdown for situation to be equally bad in the past

• Peak for unemployment since 2011 is 7% - jobless hit 8.3% after 2008 crisis

• Economy at heart of eurozone clearly weak and Germany borrowing hugely

• Debt was central to eurozone crisis, core, not periphery may be future issue

• Traders are betting heavily that the euro rises

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German jobless

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)