German Sept. ILO Jobless Rate Falls

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Thursday, Germany's Federal Statistical Office announced that the ILO unemployment rate stood at a seasonally adjusted 7.6% in September, down from 7.7% in August. A year ago, the jobless rate was 7.1%.

Compared with September 2008, unemployment increased by a seasonally adjusted 200,000 persons or 6.6%. The number of unemployed increased by more than 10,000 persons or 0.6% in September compared to the previous month.

Further, the statistical office said, number of persons in employment dropped 0.5% year-on-year to 40.36 million in September from 40.56 million recorded a year ago. In August, the employment was 40.09 million.

In September, the number of persons in employment rose by 269,000 or 0.7% compared to the previous month. At the same time, the seasonally adjusted employment declined by 0.1% to 40.10 million from 40.13 million in August.

Thursday, Germany's Federal Statistical Office announced that the ILO unemployment rate stood at a seasonally adjusted 7.6% in September, down from 7.7% in August. A year ago, the jobless rate was 7.1%. (Market News Provided by RTTNews)