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Federal Employment Agency: Germany's unemployment rate in October rose more than expected
Jinshi data, October 30, Germany’s Federal Labor Office announced that the number of unemployed people in Germany in October exceeded expectations. After seasonal adjustment, the number of unemployed people increased by 27,000 to 2.86 million. Analysts surveyed by Reuters had previously expected this number to rise by 15,000. The seasonally adjusted unemployment rate remained stable at 6.1%. Andrea Nahles, head of the British Labor Office, said, ‘The improvement in the labor market this autumn has basically not been achieved.’