Economic Buzz: German Unemployment Rate Unchanged At 5.5% In October

3 Nov 2022 , 02:06 PM

German unemployment increased less-than-expected in October, data published by the Federal Labor Agency revealed. The number of unemployed climbed 8,000 in October, following a revised increase of 13,000 in September. Unemployment was forecast to rise by 15,000. The unemployment rate remained unchanged at 5.5 percent in October, in line with expectations. On an unadjusted basis, the unemployment rate was 2.9 percent versus 3.3 percent in the same period last year.Powered by Commodity Insights