German unemployment rises much more than expected in September
A man walks behind the labour office sign of an unemployment center in Munich January 29, 2009. REUTERS/Michaela Rehle
BERLIN, Sept 30 (Reuters) - The number of unemployed people in Germany rose significantly more than expected in September, labour office figures showed on Wednesday.
In seasonally adjusted terms, the jobless figure grew by 12,000 to 3.01 million, while analysts polled by Reuters had predicted an increase of 1,000.
The seasonally adjusted jobless rate remained stable at 6.4%.
The overall unadjusted number of unemployed people dipped slightly under the 3 million mark in September after sitting above that figure for two months in a row.
The autumn pickup in Germany's labour market typically begins in September, but this year's start has been sluggish, said labour office head Andrea Nahles in a statement.
"The economic improvement is not yet reaching the labour market," added Nahles.
(Reporting by Klaus Lauer, Writing by Miranda MurrayEditing by Ludwig Burger)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- OPEC+ oil producers set to keep output targets steady at Sunday meeting, sources say
- French preliminary inflation up at 3.4% in September
- Japan PM to vow nimble response to unexpected market moves, Nikkei reports
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share