Germany November unemployment change 22k vs 22k expected- Prior 30k
- Unemployment rate 5.9% vs 5.8% expected
- Prior 5.8%
That marks another increase in German unemployment with the jobless rate also ticking a little higher on the month. It is still only a slight change to the 5.5% unemployment rate in November last year but it does hint at some softness in the labour market now as the economy has been hit by a slowdown and a manufacturing recession this year.
This article was written by Justin Low at www.forexlive.com.
Source: Germany November unemployment change 22k vs 22k expected (https://www.forexlive.com/news/germany-november-unemployment-change-22k-vs-22k-expected-20231130/)
forexlive.com