Data published on Wednesday showed that the unemployment rate in Germany remained steady in October after hitting a one-year high the previous month.
Specifically, the jobless rate remained unchanged at 6.9% as expected by the consensus.
The number of unemployed for the same month did rise by 2,000 workers, after a revised increase of 24,000 in September. Analysts had expected no change.
The motor of the Eurozone economy has been leading growth in the region with unemployment far below the 12% average or levels above 25% in peripheral countries such as Spain or Greece.
Source: LiveCharts
Specifically, the jobless rate remained unchanged at 6.9% as expected by the consensus.
The number of unemployed for the same month did rise by 2,000 workers, after a revised increase of 24,000 in September. Analysts had expected no change.
The motor of the Eurozone economy has been leading growth in the region with unemployment far below the 12% average or levels above 25% in peripheral countries such as Spain or Greece.
Source: LiveCharts
