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- Germany: unemployed unexpectedly fell in November
Germany: unemployed unexpectedly fell in November
Federal Statistical Office said, unemployment rose by 24,000 to 2,180,000 from October to November. Adjusted for seasonal influences, a minus of 16,000 is calculated for November compared with the previous month. Compared with the previous year, the number of unemployed fell by 6,000. As in October, the unemployment rate is 4.8 percent. It also remained unchanged compared to November last year. The unemployment rate calculated by the Federal Statistical Office according to the ILO acquisition concept was 3.0 percent in October.
Underemployment, which also includes changes in labour market policy and short-term incapacity for work, fell by 7,000 on a seasonally adjusted basis compared with the previous month. Overall, the underemployment in November 2019 was 3,138,000 persons. That was as many as a year ago.
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