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Financial News: German Unemployment Declines Notably In September

German Unemployment Declines Notably In September

09/29/2017 - 05:43:00 (RTTNews)

(RTTNews) - Germany's unemployment declined notably in September and the rate fell to a new record low, data from the Federal Labor Agency revealed Friday.

The number of people out of work decreased by 23,000 in September compared to the expected drop of 5,000.

The jobless rate fell to 5.6 percent, the lowest since reunification in 1990. The rate was forecast to remain unchanged at 5.7 percent.

Data published by Destatis showed that the jobless rate fell to an adjusted 3.6 percent in August from 3.7 percent in July. The number of unemployed decreased around 18,000 to 1.57 million.

The unadjusted unemployment rate edged up to 3.7 percent from 3.6 percent in July.

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