German unemployment rose more than expected in October, data showed on Wednesday...
FILE PHOTO: A job centre of Germany's Federal Labour Office is seen in Munich, Germany November 8, 2017. REUTERS/Michael Dalder
BERLIN - German unemployment rose more than expected in October, data showed on Wednesday, suggesting that a manufacturing crisis in Europe’s largest economy is spilling over to the labor market. Data from the Federal Labour Office showed the number of people out of work increased by 6,000 to 2.287 million in seasonally adjusted terms. That compared with the Reuters consensus forecast for a rise of 2,000.
The jobless rate held steady at 5.0% - slightly above the record-low of 4.9% reached earlier this year. “The recent economic weakness is leaving its marks on the job market. But all in all, it still proves to be robust,” said Labour Office head Detlef Scheele.
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