German unemployment holds steady at three-year high

(Sharecast News) - The jobless rate in German was unchanged in September for the fourth straight month, remaining at the highest levels since mid-2021. As expected by economists, seasonally adjusted unemployment was steady at 6.0% this month, a level which it stayed at since June, according to the Federal Employment Agency.

However, the number of people claiming unemployment benefits increased more than expected, rising by 17,000 to 2.82m. Analysts had expected growth of 12,000, after 2,000-person increase in August.

Registered job vacancies totalled 696,000, down 65,000 from September 2023.