German labour market improves in November

From think.ing.com

German unemployment dropped by 25,700, bringing the unemployment figure to 2.885 million, a surprisingly positive outcome. According to the just-released data, seasonally adjusted unemployment increased by 1,000, keeping the unemployment rate unchanged at 6.3%. Today’s labour market numbers will bring some relief, at least in the political debate. The feared worsening of the labour market that emerged after the number of unemployed reached the symbolic three-million mark in August has so far been avoided. That said, since reaching a low of 2.2 million in May 2022, the number of unemployed has steadily increased. ... (full story)