Economics
German Joblessness Falls for Third Month, Retail Sales Rise
- Unemployment fell by 8,000 in September vs est. drop of 7,000
- Almost 4 million people still on furlough, Ifo estimates
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German unemployment declined for a third month as Europe’s largest economy experiences a gradual recovery from the pandemic shock.
A drop of 8,000 in September left the total number of jobless people at 2.91 million, the Federal Labor Agency said Wednesday.