German Unemployment and State Inflation Rise in September
German unemployment grew by 12,000 to 3.01 million in September as the autumn labor market pickup proved sluggish. Meanwhile, preliminary data showed inflation rising across five key states.
Germany's seasonally adjusted jobless figure grew by 12,000 to 3.01 million in September, outpacing consensus forecasts. Economists had predicted an increase of just 1,000 in the labour market data. The unexpected rise highlights persistent headwinds facing Europe's largest economy.
