German unemployment unexpectedly increases in September

Record ID: 83478

  • Title: German unemployment unexpectedly increases in September
  • Date: 29th September 2016
  • Summary: COLOGNE, GERMANY (FILE - JULY 30, 2015) (REUTERS) ENTRANCE TO COLOGNE BRANCH OF FEDERAL LABOUR OFFICE VARIOUS OF PEOPLE QUEUEING VARIOUS OF MAN SPEAKING TO FEDERAL LABOUR OFFICE STAFF MEMBER AT DESK MOERFELDEN, GERMANY (FILE - DECEMBER 3, 2015) (REUTERS) VARIOUS OF REFUGEE TEDROS GHEBREKIDAN BERAKI FROM ERITREA WORKING ON BUILDING SITE, PART OF HIS TRAINING WITH ROOFING FIRM SICHERT BEDACHUNGEN POTSDAM, GERMANY (FILE - APRIL 14, 2016) (REUTERS) VARIOUS OF REFUGEES LEARNING GERMAN
  • Embargoed: 14th October 2016 11:06
  • Keywords: unemployment labour market Germany September increase
  • Location: NUREMBERG, COLOGNE, MOERFELDEN & POTSDAM, GERMANY
  • City: NUREMBERG, COLOGNE, MOERFELDEN & POTSDAM, GERMANY
  • Country: Germany
  • Topics: Economic Events
  • Reuters ID: LVA00251MCXVX
  • Aspect Ratio: 16:9
  • Story Text: German unemployment rose slightly in September, confounding forecasts, but the jobless rate in Europe's biggest economy remained at a record low, figures from the Federal Labour Office showed on Thursday (September 29).
    "Overall, the labour market continued to develop well, although the growth in employment did not continue in the last two months," the Federal Labour Office's chairman Frank-Juergen Weise told a news conference.
    Fewer people were unemployed in September, but seasonally adjusted the jobless total increased by 1,000 to 2.680 million, the Labour Office said. That compared with a consensus forecast in a Reuters poll for unemployment to fall by 5,000.
    Weise said the effects of an influx of refugees were starting to be felt on the labour market.
    "The number of unemployed people is increasing in the eight German states most affected by migration. In September the figure was higher than the previous year by 90,000," Weise said, but added that the growth in unemployment was "more than compensated" by a positive development in domestic unemployment figures.
    The adjusted unemployment rate for September remained at 6.1 percent, the lowest level since German reunification in 1990.
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