empty
 
 

2020.12.0107:20:00UTC+00Germany's Jobless Rate Remains Stable In October

Germany's unemployment rate remained unchanged in October, the labor force survey data from Destatis revealed Tuesday.

The jobless rate remained at seasonally adjusted 4.5 percent in October.

Similarly, on an unadjusted basis, the unemployment rate came in at 4.4 percent, the same rate as registered in September.

The number of unemployed decreased 12,000, or 0.5 percent from the previous month to 1.93 million. Compared to October 2019, unemployment increased 607,000.

Data showed that employment decreased 1.3 percent or 586,000 annually in October.

In the pre-crisis month of February 2020, employment had increased by 0.4 percent or 195,000 people on a year earlier. That upward trend ended when the corona pandemic started in March 2020, Destatis said.

The short-time workers are not counted as unemployed but as persons in employment.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback