- Analytics
- News and Tools
- Market News
- German jobless total rises more than expected in October
German jobless total rises more than expected in October
German unemployment rose more than expected in October, data from the Federal Labour Office showed, suggesting that a manufacturing crisis in Europe’s largest economy is spilling over to the labor market.
Number of people out of work increased by 6,000 to 2.287 million in seasonally adjusted terms. That compared with forecast for a rise of 2,000. This increase is due solely to the development in the area of unemployment insurance due to the economic downturn. The number of unemployed remained unchanged compared with the previous year. The jobless rate held steady at 5.0% - slightly above the record-low of 4.9% reached earlier this year.
Underemployment, which also includes changes in labour market policy and short-term incapacity for work, has declined by 4,000 seasonally adjusted compared with the previous month. Overall, the underemployment in October 2019 was 3,129,000 persons. That was 13,000 less than a year ago.
“The recent economic weakness is leaving its marks on the job market. But all in all, it still proves to be robust,” said Labour Office head Detlef Scheele.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
