Jobless claims in Germany rose in September, but less than expected, showing the resilience of the labor market amid the energy crisis and weakening consumption.
Jobless claims increased by 14,000 in September compared with the previous month, down from the revised 26,000 rise registered in August, according to data from the Federal Employment Agency released Friday. Economists polled by The Wall Street Journal had forecast that the number of people out of work would climb by 20,000.
The adjusted unemployment rate remained unchanged at 5.5% in September, matching economists’ forecasts.
Demand for labor in Germany remained strong in September, according to the agency’s data. The number of registered job vacancies stood at 873,000, up 74,000 on year, the agency said.
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