You are here

German unemployment inches up in September

3091513023204 - 01_09_2009.jpg
German unemployment inched up on a seasonally-adjusted basis in September, but the unemployment rate remained at a post-reunification low of 6.4 per cent, in a positive sign for consumer spending in Europe's largest economy.

[BERLIN] German unemployment inched up on a seasonally-adjusted basis in September, but the unemployment rate remained at a post-reunification low of 6.4 per cent, in a positive sign for consumer spending in Europe's largest economy.

The Federal Labour Office reported on Wednesday that the seasonally-adjusted unemployment total rose by 2,000 to 2.795 million. That compared with the Reuters consensus forecast for a drop of 5,000.

The unadjusted unemployment total fell however to 2.708 million, the lowest level since 1991, the Office said.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom