Thursday, September 28, 2006

German Sept adj jobless down 17,000 from Aug, misses expectations

The number of jobless people in Germany in September fell a seasonally adjusted 17,000 compared with August, sources close to Labour Office said. The decline was less than expected. Economists polled by AFX News had forecast a drop of 26,000. In west Germany, the number of jobless dropped by a seasonally adjusted 23,000 while in the east, it grew by 6,000. The unadjusted jobless total fell by around 134,000 to 4.237 mln from 4.372 mln in August, broadly in line with expectations for a drop of 133,000. The unadjusted September unemployment rate was 10.1 pct, down from 10.5 pct in June.

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