Pursuits
German Unemployment Declines More Than Economists Forecast
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German unemployment declined more than economists forecast in September, suggesting the labor market in Europe’s largest economy is weathering the region’s worsening debt crisis.
The number of people out of work fell a seasonally adjusted 26,000 to 2.92 million, the Nuremberg-based Federal Labor Agency said today. That’s the biggest drop since April. Economists had forecast a decline of 8,000, the median of 24 estimates in a Bloomberg News survey showed. The adjusted jobless rate slipped to 6.9 percent from 7 percent in the previous month.