German unemployment rate unchanged for sixth straight month.
Germany's unemployment rate held at its highest level in more than four years in August, remaining unchanged for the sixth straight month, according to official statistics out on Friday.
Source: Sharecast
When excluding seasonal trends, unadjusted unemployment rose by 46,000, topping the 3m mark for the first time in more than a decade.
However, the seasonally adjusted number of people out of work fell by 9,000 to 2.96m, the labour office reported.
As a result, the seasonally adjusted unemployment rate held steady at 6.3%, in line with economists' predictions.
"The labour market is still marked by the economic downturn of recent years - however, there are also first signs of stabilisation," said Andrea Nahles, the head the labour office.
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
