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German unemployment dips again in Oct

German unemployment dips again in Oct

German unemployment declined again in October, but the effects of the financial crisis lingered and it was still early to expect a turnaround in the economy, the Federal Labor Agency said Thursday.
The unadjusted jobless rate in Europe's biggest economy was 7.7 percent, down from 8 percent the previous month and below the 8.3 percent in August, the agency said.
A total of 3.229 million people were registered as unemployed _ 118,000 fewer than the previous month.
"The economic crisis can be seen on the job market also in October," agency head Frank-Juergen Weise said.
"However, that development has calmed down a little bit during the last months."
Despite the second consecutive drop, Weise said it remained premature to speak of a full-blown economic turnaround in Germany, Europe's biggest economy.


Updated : 2021-05-07 13:29 GMT+08:00