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- German unemployment falls in September
German unemployment falls in September
Reuters reports that data from the Federal Employment Agency showed that German unemployment fell in September, suggesting that supply chain bottlenecks hitting industrial firms have not yet taken toll on recovery in Europe's biggest economy.
The number of people out of work fell by 30,000 in seasonally adjusted terms to 2.508 million. Economists had expected a fall of 33,000. The seasonally-adjusted jobless rate remained unchanged at 5.5%.
"The labour market continues with its positive development," said Daniel Terzenbach of the Federal Labour Agency. "Unemployment and underemployment are both falling significantly."
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