German unemployment down in September

29th September 2011, Comments 0 comments

German unemployment fell sharply in September to 6.6 percent because of seasonal factors, the Federal Labour Agency said Thursday.

The number of people out of work was down by 149,000 from August to September, and down by 231,000 year-on-year to stand at 2.79 million, the agency said.

Adjusted for seasonal effects, unemployment was down by 26,000 over the month, a much bigger decrease than the figure of 10,000 expected by experts surveyed by Dow Jones Newswires.

In August, the jobless rate stood at 7.0 percent.

"The situation on the labour market continued to improve in September. Demand for labour remains high," said labour agency chief Frank Weise.

© 2011 AFP

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