German unemployment down in October
Thursday 30 October 2014 09.41
Unemployment in Germany fell in October, as the seasonal pick-up on the labour market usually seen in September was delayed owing to late summer holidays, official data has shown.
The number of people registered as unemployed in Europe's biggest economy fell by a seasonally-adjusted 22,000 in October, the Federal Labour Office said, beating analysts' expectations for a slight rise in the jobless figure this month.
And the unemployment rate - which measures the jobless total against the working population as a whole - was steady at 6.7% in seasonally adjusted terms, the office calculated.
In raw or unadjusted terms, the jobless total fell by 75,000 to 2.733 million and the jobless rate dropped to 6.3% from 6.5%.
'Following a 0.2-percent contraction in the economy in the second quarter, indicators suggest that gross domestic product hardly grew in the third quarter. But the labour market is displaying none of this uncertainty,' the labour office said.
'Employment is continuing to rise' and a 'on a seasonally-adjusted basis, unemployment fell sharply, not least because the usual autumn upturn was moved back until October as a result of the late holidays,' the office said.
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