German Unemployment Unexpectedly Rises in Sign of Economic Risks
- Economists in Bloomberg survey predicted drop in unemployment
- Jobless rate remained unchanged at 6.4 percent in September
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German unemployment unexpectedly rose in September in a sign that Europe’s largest economy is not immune to risks from slowing growth in emerging markets.
Joblessness increased a seasonally adjusted 2,000 to 2.795 million, the Federal Labor Agency in Nuremberg said on Wednesday. Economists had predicted a drop of 5,000. The unemployment rate remained unchanged at 6.4 percent, the lowest level since German reunification.