German unemployment posted a small but unexpected increase in August but the jobless rate held steady at just 6.7 percent, the Labour Office said on Thursday, suggesting the job market in Europe’s largest economy remains intact.
The number of people out of work increased by 1,000 to 2.901 million, seasonally-adjusted data showed. The mid-range forecast in a Reuters poll had been for a drop of 5,000.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.