German Unemployment Rises in September

The number of people out of work in Germany unexpectedly rose by 25,000 in September to just under three million.

Analysts had pencilled in a fall of 5,000, following a rise of 9,000 in August.

The Federal Labour Office said there had been a cut in the number of government job schemes.

Meanwhile, new figures showed unemployment across the eurozone dropping slightly in August to a rate of 12%.

The rise in German joblessness pushed the unemployment rate in Europe’s biggest economy from 6.8% to 6.9%.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza