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German August Adj. Jobless Rate Stable At 8.3%

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Germany's seasonally adjusted jobless rate unexpectedly stabilized in August and the number of unemployed logged a surprise fall.

The jobless rate stood at 8.3% in August, unchanged for the second month, data released by the Federal Labor Agency showed Tuesday. Economists had forecast a slight rise to 8.4%.

The seasonally adjusted number of unemployed fell for the second month in August after rising the most in March. The number fell 1,000 in August following a revised fall of 5,000 in July. It was expected to rise 30,000.

Germany's seasonally adjusted jobless rate unexpectedly stabilized in August and the number of unemployed logged a surprise fall. (Market News Provided by RTTNews)

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