Dow Jones Newswires: German jobless claims unexpectedly drop in November

This post was originally published on this site

FRANKFURT–German jobless claims fell unexpectedly in November, suggesting that the labor market remains strong despite the country’s economic slowdown.

Jobless claims fell by 16,000 in November after a revised increase of 5,000 in October, the Federal Employment Agency said Friday. The first reading for October showed a rise of 6,000.

Economists in The Wall Street Journal’s survey had forecast an increase of 5,000 jobless claims in November.

The adjusted unemployment rate remained unchanged at 5.0%.

The number of registered job vacancies stood at 736,000 in November, down 71,000 on the year, the agency said.

Write to Emese Bartha at emese.b

Add Comment