German unemployment rises slightly in October on growing uncertainty
Add BT as a preferred source
GERMAN unemployment rose slightly in October, Labour Office figures showed on Wednesday (Nov 2), as the consequences of economic uncertainties began to have a visible effect.
The Federal Labour Office said the number of people out of work rose by 8,000 in seasonally adjusted terms to 2.518 million, below expectations of analysts polled by Reuters.
The seasonally adjusted jobless rate remained stable at 5.5 per cent.
“Overall, the labour market continues to be robust, and employment in particular continues to grow,” Labour Office chief Andrea Nahles said.
“However, the consequences of economic uncertainties are visible: for example, more companies are again preparing for possible short-time work and reducing their demand for new staff,” added Nahles. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
As luxury retail goes big, can Singapore’s Orchard Road keep up?
