German official jobless rate at record low

2nd November 2011, Comments 0 comments

German unemployment fell again to a new record low point in October as the labour market continued to shrug off prospects of economic slowdown, official data showed on Wednesday.

The German jobless rate, which measures the proportion of people registered as unemployed against the working population as a whole, fell to 6.5 percent in October from 6.6 percent in September, according to raw or unadjusted figures published by the Federal Labour Agency in Nuremberg.

That is the lowest level since unification.

In raw or unadjusted terms, the total number of people out of work was down by 58,600 in October from September to stand at 2.73 million, the agency said in a statement.

Unemployment tends to fall in the autumn as a result of seasonal factors, but seasonally adjusted numbers actually showed an increase of 10,000 in the jobless numbers.

"All in all, the latest data show that the positive development on the labour market is continuing," said labour agency chief Frank Weise.

© 2011 AFP

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