Germany October unemployment change 30k vs 15k expected

  • Latest data released by the Federal Employment Agency - 2 November 2023
  • Prior 10k
  • Unemployment rate 5.8% vs 5.8% expected
  • Prior 5.7%

German unemployment rose more than expected in October, showing some mild cracks in the resiliency of the labour market over the last few months. The jobless rate also ticked slightly higher, so this is going to be an interesting spot to watch for any wider fallout in the economy in the months ahead.

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