German jobless claims declined more sharply than expected in September as the unemployment rate fell to a record low, the Federal Employment Agency said Friday.
Jobless claims fell by 23,000 in September from August, the labor agency said. The figures are adjusted for seasonal swings.
Economists in The Wall Street Journal’s survey expected jobless claims to decline by 5,000.
Germany’s adjusted jobless rate fell to 5.6% in September, the lowest rate since the beginning of the data series in January 1992.
Source: Dow Jones