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Financial News: German Unemployment Rises In October

German Unemployment Rises In October

10/30/2019 - 05:17:00 (RTTNews)

(RTTNews) - German unemployment increased and the jobless rate remained unchanged in October, data from the Federal Employment Agency showed Wednesday.

The number of unemployed increased by a seasonally adjusted 6,000 after falling 9,000 in September. Economists had forecast a monthly rise of 3,000.

The jobless rate held steady at 5 percent in October, which was in line with expectations and near a record low.

The current economic weakness is leaving its marks on the job market, said Federal Employment Agency Head Detlef Scheele. But all in all, it remains robust, Scheele added.

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