German jobless total rises more than expected in October

epa04010889 A man enters a German labour office (Agentur fuer Arbeit) building in Hanover, Germany, 07 January 2014. The seasonally adjusted jobless rate in Germany was unchanged at 6.9 per cent, the labour office said 07 January 2014. In seasonally unadjusted terms, unemployment rose by 67,000 to 2.873 million. EPA/CHRISTOPH SCHMIDT

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German unemployment rose more than expected in October, data showed on Wednesday, suggesting that a manufacturing crisis in Europe’s largest economy is spilling over to the labour market.

Data from the Federal Labour Office showed the number of people out of work increased by 6,000 to 2.287 million in seasonally adjusted terms. That compared with the Reuters consensus forecast for a rise of 2,000.

The jobless rate held steady at 5.0% – slightly above the record-low of 4.9% reached earlier this year.

Via Reuters

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