German Sept adj jobless rate stays unchanged at 10.6 pct

The seasonally adjusted jobless rate in Germany in September was 10.6 pct, unchanged from August, the Labour Office and the Bundesbank said. The figure was slightly higher than the 10.5 pct consensus forecast of economists polled by AFX News. The Labour Office said the number of jobless fell a seasonally-adjusted 17,000 in September from August, less than the 26,000 drop forecast by economists. The announcement confirmed information AFX obtained earlier from sources. The seasonally adjusted jobless figure reached 4.429 mln, down from 4.446 mln in August, according to the Bundesbank. On an unadjusted basis, the number of jobless fell by around 134,000 to 4.238 mln in September 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 August. Compared with September last year, the number of unadjusted jobless dropped by 408,670, the office added.