Germany November unemployment change -16k vs 6k expected
Latest data released by the Federal Employment Agency - 29 November 2019
- Prior 6k; revised to 5k
- Unemployment rate 5.0% vs 5.0% expected
- Prior 5.0%
The good news is that unemployment is seen falling on the month after a bit of some worrying signals over the past few months. But to say that the worst is behind for the German labour market is still a bit too early. Let's see how things develop in the coming months.