BERLIN, June 29 (Xinhua) -- German unemployment rate stayed at the record low in June despite slowdown of the economic growth momentum and mounting concerns over trade tensions.

According to data published on Friday by the Federal Labor Agency, German unemployment fell for the 12th consecutive month in June.

After the seasonal adjustment, the number of the jobless was down 15,000 from the previous month's level to 2.342 million, beating the economists' estimations.

The unemployment rate remained unchanged from May at the record low of 5.2 percent.

The demand for labor remained very high in June, with 805,000 vacancies reported at the Federal Employment Agency, 4,000 more than the previous month after seasonal adjustment.

Domink Groll, expert for the labor market of Forecasting Center of Kiel Institute for the World Economy (IfW), told Xinhua, "While leading indicators for labor demand have recently deteriorated to some extent, they remained near levels unseen for several decades or even all-time highs. However, large employment gains will become increasingly unlikely, as labor-supply growth is set to decline due to the ageing population and smaller gains from migration. "

Germany's economic growth is losing momentum as worldwide trade tensions clouded over the Europe's largest export-oriented economy. The country's central bank Bundesbank recently cut its outlook for Germany's economic growth this year.

Despite all the soft economic signals, Friday's report showed that sentiment in the labor market remained upbeat.

Groll expected German unemployment rate to fall below 5 percent by 2019. Enditem

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