Tuesday, September 30, 2014

German unemployment unexpectedly rises in September



BERLIN (Reuters) – German joblessness unexpectedly increased in September, the Labour Office said on Tuesday, in a further sign that Europe’s largest economy remains subdued after contracting in the second quarter.


The number of people out of work increased by 13,000 to 2.918 million, seasonally-adjusted data showed. That confounded expectations for a drop of 2,000 and overshot even the highest estimate in a Reuters poll for a rise of 10,000.


The jobless rate nonetheless held steady at 6.7 percent.


(Reporting by Michelle Martin)





German unemployment unexpectedly rises in September

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