Economic Buzz: German Jobless Rate Remains Unchanged In October

Economic Buzz: German Jobless Rate Remains Unchanged In October

Dec 01, 2020 04:12 IST capital market

Germanys jobless rate remained at seasonally adjusted 4.5 percent in October, the labor force survey data from Destatis revealed Tuesday. Similarly, on an unadjusted basis, the unemployment rate came in at 4.4 percent, the same rate as registered in September. The number of unemployed decreased 12,000, or 0.5 percent from the previous month to 1.93 million. Compared to October 2019, unemployment increased 607,000. Data showed that employment decreased 1.3 percent or 586,000 annually in October.

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